Vilnius, Lithuania, 2012-03-01 15:00 CET (GLOBE NEWSWIRE) -- Retail turnover (including VAT) of the Apranga Group has made LTL 28.6 million (EUR 8.3 million) in February 2012, and increased by 15.5% in comparison to February 2011.
In January through February 2012, the retail turnover of Apranga Group (including VAT) has made LTL 69.3 million (EUR 20.1 million), and increased 20.8% year-to-year.
In January-February 2012, the retail turnover of the Apranga Group in Lithuania increased 20.6% year-to-year, in Latvia increased 23.8% and in Estonia 15.5%.
In March 2012, the Apranga Group will open eight new stores: 2 Massimo Dutti, 3 Aldo, Tom Tailor, also the newly renovated Mango and Aprangos galerija stores.
Despite increasing investments in development of retail network and uncertain economic situation in European region, the management of Apranga will propose to the Board of Management and the Meeting of shareholders to pay dividends for the year 2011.
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