On attraction of additional finance by AS ELKO Grupa


JSC ELKO Grupa as a large international company is constantly looking for and
improving new possibilities for development. Considering fast growth of the
company, regular attraction of finance is a prerequisite for the company
development. 
In 2008 the company is planning growth of turnover by 30-35 % as compared to
2007. To achieve this goal the company will additionally require 40-50 million
USD. At the moment the company considers all possibilities for attraction of
funds, including attraction of private investment funds and new initial public
offering. 
Increase of current assets in 2007 was financed by attraction of 80 million USD
bank credit facilities and issue of bonds for the amount of 6.5 million EUR.
The bonds were listed at Riga Stock Exchange in May 2008. 

JSC ELKO Grupa