VAS "Latvijas valsts meži" (LVM) plans to close the past financial year with a turnover of 404.8 million euros and a profit before corporate income tax of 126.9 million euros, said Arnis Melnis, Chairman of the Board of LVM, to the Saeima Public Expenditure and Audit Committee on Wednesday. Consequently, according to calculations by the LETA agency, the company's turnover has increased by approximately 15.7% over the year, while profit before tax has risen by 66.7%. At the same time, A. Melnis indicated that LVM plans to achieve a turnover of 471.3 million euros and a profit of 163.1 million euros in 2022.