Consolidated unaudited results for first half year 2007


Consolidated unaudited results for first half year 2007:

Revenue and other operating income: LTL 180.4 million  (EUR 52.25 million),
Loss before tax:  LTL -0.88 mln.  (EUR - 0.25 million),
Net loss:  LTL -1.26 mln.  (EUR -0.36 million),
EBITDA:  LTL 11.0 million (EUR 3.2 million).

The decrease of the consolidated profit of AB “Snaigė“ was mostly determined by
the increase in prices of raw materials and energetic resources. The decrease
of the exchange rate of USD had some impact as well. Considerable part - 25 % -
of our production we export to Ukraine and payments are in USD. However,
financial results of the II quarter and rising sales in the main markets let us
think in optimistic way: sales in Ukraine increased by 33%, in other Eastern
Europe countries - 34%. In Russia sales increased even four times. In the II
quarter of  2007 company reached non-audited profit before taxes of  LTL 1.7
million , thus increased by LTL 1.37 mill.  in comparison with the same period
last year then non-audited profit before taxes was LTL 320 000. 


Managing Director   
Mindaugas Sestokas
+370 315 56206