AB “Linas” specified prognosis of year 2008


On September 30, 2008 the Board of AB “Linas” confirmed specified consolidated
strategic aims for year 2008 of AB “Linas” Group of companies: sales incomes 45
mln Lt (13 mln EUR), loss of activity 13 mln Lt (3.8 mln EUR). 
AB “Linas” prognosis, reported on February 14, 2008, are specified considering
the bankruptcy of AB “Linas” subsidiary company UAB “Lino audiniai” which was
announced of July 14, 2008. Other reasons which will not allow to reach planned
results - slow-down of the economy, increasing costs, changed customer's 
habits. 

AB “Linas” director
Martynas Jasinskas
Tel.: +370 45 506100