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Published: 15/05/2015 10:37
Cgates Logo. Photo of Vladimir Ivanov (VZ)
SNB
The second largest provider of television and internet services in Lithuania, Cgates, received $ 21.91 million last year. The turnover of Eur 28.6% more than in 2016, when the turnover was 17.038 million euros. Last year, the company had realized a net profit of 520,000 euros after suffering a net loss of 515,000 euros over the last year, according to the 2017 report of the Cgates to the Registrar Center
. 5 mln. Eur, revenues from Internet services – 35.2%, up to 8.5 million. Eur, phone services business figure – 4.2%, to 424,000 Eur
The company claims to have invested nearly $ 7.2 million last year.
At the end of last year, the company had 303 employees (293 end of 2016).
100% of the CGates shares belong to the CGates group, of which 41% are managed by the Estonian businessman Indrek The company is a wholly owned subsidiary of Polaris Invest, of which 35% is the private equity Livonia Partners, the LHV Estonian Bank Pension Fund and the Lithuanian company Silver Screen Holdings, managed by the founders of Skype, and Com Holding, Estonia 24%. ] BNS News Agency to reproduce information in the media and websites without the written permission of UAB "BNS".
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