RIGA, Nov 27 (LETA) - Joint-stock motor and generator manufacturing company Rigas Elektromasinbuves Rupnica (RER) turned over EUR 53.914 million in the first nine months of 2019, which is twice as much as in the same period a year ago, while the group's net profit was EUR 6.582 million, 4.7 times higher than a year ago, according to the company's report to Nasdaq Riga.

The gross nine-month profit of the RER Group was 2.4 times higher than a year ago and totaled EUR 10.026 million.

RER closed the first nine months of 2018 with EUR 27.399 million in turnover and EUR 1.4 million in profit. In the full 2018, the company raised audited turnover 59.9 percent on year to EUR 46.133 million and generated EUR 3.896 million in profit, which is 2.6 times more than a year before.

© Pakistan Press International, source Asianet-Pakistan