date:Jun 16, 2012
The losses are 70% greater than those incurred by the company in 2010, and experts have warned that another equally disastrous year could put the company out of business.
Kekava has been losing money continually since 2007, with the total amount of losses in this period, including 2011, amounting to LVL8.219m (US$14.7m).
In 2011, the company suffered unprecedented losses, equal to LVL1m (US$1.8m) from the penalty tax.
Commenting on the current situation, the companys management said the cris