Vilnius, Lithuania, 2012-11-30 15:15 CET (GLOBE NEWSWIRE) -- Based on preliminary unaudited results Company‘s sales over nine months in 2012 accounted to LTL 566.9 million (EUR 164.2 million), 8.1% higher compare to a year ago. Sales resulted over nine months in 2011 were LTL 524.4 million (EUR 151.9 million). Sales increased in both domestic and export markets. Export volumes increased by 11% and domestic sales increased by 4%.
Over the nine months of the year Company’s EBITDA accounted to LTL 50.7 million (EUR 14.7 million) and decreased by 0.6% compare with EBITDA of LTL 51.0 million (EUR 14.8 million) a year ago. The Company earned a net profit of LTL 19.7 million (EUR 5.7 million) or 2.2% less compared to a net profit of LTL 20.2 million (EUR 5.8 million) over same period in 2011.
Implementing Board’s approved investment program, company successfully completed modernization of butter production line and invested in this project 22 million litas (6.4 million EUR).
Audrius Statulevicius
CFO
(+370 5) 246 1419
