Valmieras Stikla Skiedra announced consolidated earnings results for the first half of 2015. For the first half, the company turnover reached EUR 68.519 million, up 18.9% year-on-year, and its profit rose 26.5% to EUR 4.983 million. The company also noted that EUR 5.67 million have been invested during the first six months of 2015 in development of the group, which includes purchase of machinery for production, modernization of existing technologies and the development of new products with intentions to increase the production capacity of the group.

The company considering the results for the first six months of 2015 and the development of the group management is confident to reach planned net turnover of the group of EUR 127.7 million and net profit EUR 10.77 million in year 2015.