From losses of almost half a million euros to profits of tens of thousands of euros — the financial indicators of Latvian companies associated with Latvia's most famous basketball player, the National Basketball Association (NBA) champion Kristaps Porziņģis, vary greatly. However, most of these companies made losses last year, Delfi Bizness found. The company's annual report states that turnover increased due to the company expanding cooperation with major retail chains. At the end of last year, cooperation was launched with a partner who will be engaged in the delivery of SIA 885 products in all Baltic countries. An agreement was also concluded with partners in Lithuania and Estonia on the provision of product promotion services. Porziņģis is the sole owner of SIA JMK Investments, which leases and manages its own and leased real estate. Last year, the portfolio of both rental apartments and agricultural land increased. The sale of mineral water and real estate are not the only areas in which the athlete is trying himself.
Only two are making a profit. What business does Porzingis do and how successful is he?
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