Consolidated Group operating loss for the first half of 2013 was LTL 0.8 million (EUR 0.2 million), as in the same period in 2012 the Group incurred LTL 1.8 million (EUR 0.5 million) operating loss. Group incurred LTL 1.9 million (EUR 0.6 million) of pre-tax loss, as in the same period in 2012 the Group incurred LTL 2.4 million (EUR 0.7 million) loss before taxes.
AB "Utenos trikotažas" incurred LTL 1.5 million (EUR 0.4 million) of operating loss for the first half of 2013, in the same period in 2012 the Comany also incurred LTL 1.5 million (EUR 0.4 million) operating loss. The Company incurred LTL 2.6 million (EUR 0.8 million) of pre-tax loss, as in the same period in 2012 incurred LTL 2.5 million (EUR 0.7 million) loss before taxes.
The consolidated Group results (precisely financial activity) were positively impacted by LTL 0.1 million (EUR 0.04 million) in the first half of 2013 due to Ukraine currency exchange rate (UAH) fluctuation, as in the same period in 2012 the foreign exchange influence impacted results by LTL 0.5 million (EUR 0.2 million). It is important to note, that it virtually had no effect on the Company or Group cash flows.
On the 26 of August, 2013 the Company sold real estate, not used in the main activity, for LTL 1,62 million (EUR 0,47 million). The assets were sold for the accounting value, so the transaction would have no impact for the company and the group Profit (Loss) Statement in the III quarter of 2013. The proceeds from the sale of assets were used to amortise liabilities to Swedbank Lizingas UAB.
For more information please contact Mr. Gintautas Bareika, Managing Director of AB Utenos trikotažas, tel. No. 370 389 51445.
I, the undersigned, confirm that the above information is complete and true.
Managing Director AB “Utenos trikotažas” Gintautas Bareika
Utenos Trikotazas AB
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