Consolidated Group operating profit for the 9 months of 2013 was LTL 1.1 million (EUR 0.3 million), as in the same period in 2012 the Group incurred LTL 1.5 million (EUR 0.4 million) operating loss. Group incurred LTL 1.5 million (EUR 0.4 million) of pre-tax loss, as in the same period in 2012 the Group incurred LTL 3.4 million (EUR 1.0 million) loss before taxes.
AB "Utenos trikotažas" incurred LTL 0.05 million (EUR 0.02 million) of operating loss for the 9 months of 2013, in the same period in 2012 the Comany incurred LTL 1.2 million (EUR 0.3 million) operating loss. The Company incurred LTL 1.8 million (EUR 0.5 million) of pre-tax loss, as in the same period in 2012 incurred LTL 2.8 million (EUR 0.8 million) loss before taxes.
The consolidated Group results (precisely financial activity) were negatively impacted by LTL 0.6 million (EUR 0.2 million) in the 9 months of 2013 due to Ukraine currency exchange rate (UAH) fluctuation, as in the same period in 2012 the foreign exchange influence negatively impacted results by LTL 0.08 million (EUR 0.02 million). It is important to note, that it virtually had no effect on the Company or Group cash flows.
“We are delighted by the results of the purposeful work – the group operating profit for the 3rd quarter of 2013 reached 1,9 million LTL, while the net profit reached 0,5 million LTL. Our strategy of moving towards higher added value products, innovative fabrics creation and active presence in the prestigious international exhibitions paid off. The positive results were generated by extended number of new clients, new markets and advanced fabrics, becoming our competitive advantage”, says Gintautas Bareika, Managing Director of the Company.
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
