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Latvian Railway was the largest transit branch company with the highest manager efficiency last year

Wednesday, 1 October, 2008

The SJSC Latvijas Dzelzcels (LDZ, Latvian Railway) has been identified as the eighth-biggest company in Latvia with a 189.81 million Lats turnover, which has increased in comparison with the previous year by 10.21 per cent. This has been reported by the publishing house Dienas Bizness and Lursoft, creators of Top 500 of the biggest Latvian companies based on the dates of the last year.

By rendering transport services, LDZ keeps persistently the first place in the transit carriage companies’ group.

When evaluating the efficiency of the managers of the big companies, the LDZ management has been the most effective in the country regarding the total number of the staff in 2006 with the turnover between 10 and 25 thousand Lats per one employee.

LDZ has been identified as the major long-term investor. In 2006, there have been invested 216.966 million Lats into the company development.

The TOP 500 of the Latvian biggest companies is a publication built up by the publishing house Dienas Bizness and Lursoft, where the passed year’s activity indicators have been aggregated according to net turnover and where the annual economic situation characteristic is being provided as well as the forecast for the next year from the branch experts’ point of view. The publication Top 500 is being issued already since 1996.