Panevezys, Lithuania, 2013-02-28 07:55 CET (GLOBE NEWSWIRE) -- On February 27, 2013 AB “Linas” Board confirmed AB “Linas” consolidated interim financial reports of twelve months of year 2012 which are not checked by the auditors and prepared acc.to International financial accountability standards accepted by EU.
The sales incomes of AB “Linas” of year 2012 made 38,87 mln Lt (11,26 mln EUR). On 2011 the sales incomes were 33,06 mln Lt (9,57 mln EUR). Actual sales incomes of year 2012 in comparison with year 2011 is large in 5,81 mln Lt (1,68 mln EUR) or 17,57 %.
The sales incomes of AB “Linas” Group of companies of year 2012 made 39,62 mln Lt (11,47 mln EUR). On 2011 the sales incomes were 33,75 mln Lt (9,77 mln Lt). Actual sales incomes of year 2012 in comparison with year 2011 is large in 5,87 mln Lt (1,70 mln EUR) or 17,39 %.
AB “Linas” profit before taxation of year 2012 is 2,60 mln Lt (0,75 mln EUR) when on year 2011 profit before taxation made 1,29 mln Lt (0,37 mln EUR).
AB “Linas” group of companies profit before taxation of year 2012 made 3,01 mln Lt (0,87 mln EUR) when on year 2011 profit before taxation made 1,60 mln Lt (0,46 mln EUR).
The export volumes of AB “Linas” Group of companies on year 2012 made 86 % of all production sales, and on 2011 it was exported 88 % of the production.
On 2013 AB “Linas” Group of companies so far planning to expand export volumes, to apply achievements of new technologies to the produced items, to keep the achieved sales profitability trying to buy cheaper raw materials and optimizing activity costs, including the rent which will go for development of own activity.
Presenting confirmation of the responsible persons of AB “Linas” and interim consolidated not audited financial reports of twelve months of year 2012.
Director of AB “Linas”
Martynas Jasinskas
+370 45 506100
