Vilnius, Lithuania, 2012-01-02 09:36 CET (GLOBE NEWSWIRE) -- The retail turnover (including VAT) of the leader of retail apparel market in Lithuania and the Baltic States Apranga Group has made LTL 43.4 million (EUR 12.6 million) in December 2011, and has increased 31.8% in comparison to December 2010.
High turnover growth rates were resulted by successful Christmas trading, start of sales, and new spring-summer 2012 collections sales.
The unaudited retail turnover (including VAT) of Apranga Group has made LTL 429.2 million (EUR 124.3 million) in 2011, and has increased by 13.1% comparing to 2010.
In 2011 the retail turnover of Apranga Group in Lithuania was LTL 273.4 million (EUR 79.2 million), and increased 11.9% year-on-year. In 2011 the retail turnover of Apranga Group in Latvia has made LTL 100.5 million (EUR 29.1 million), and increased 12.5% year-on-year, in Estonia has made LTL 55.3 million (EUR 16.0 million), and increased 20.5% year-on-year.
Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.
Rimantas Perveneckas
Apranga Group Director General
+370 5 2390801