Correction . PC "Lithuanian shipping company " interim information for twelve months of 2013

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| Source: Lietuvos Juru Laivininkyste

Klaipeda, Lithuania, 2014-02-28 20:07 CET (GLOBE NEWSWIRE) --  

On 27th February, 2014 the Board of PC “Lithuanian Shipping Company” (LSC) has confirmed unaudited interim financial reports prepared according to the International Financial Reporting Standards for the period of twelve months of year 2013, ended on 31st December, 2013.

  The income during January-December, 2013 was LTL 92.3 million (EUR 26.7 million) and, if compared to the income of year 2012 – LTL 83.9 million LTL (EUR 24.3 million), has increased by 10%.

EBITDA during January-December, 2013 was LTL 3.3 million (EUR 1.0 million), EBITDA during the year 2012 was LTL 9.8 million (EUR 2.8 million).

  The loss during January-December, 2013 was LTL 41.2 million (EUR 11.9 million), of which LTL 26.2 million (EUR 7.6 million) is ship’s impairment losses. The loss of year 2012 was LTL 16.8 million (EUR 4.9 million).

  LSC long-term investments (ships’ repairs) during January-December, 2013 were LTL 5.2 million (EUR 1.5 million). Long-term investments during the year 2012 were LTL 6.3 million (EUR 1.8 million).

 

 

Arvydas Stropus

Chief accountant

tel. (8 46) 393 126