Operational results for the first quarter of 2014


The unaudited results for the first quarter of 2014 of Limarko laivininkystes kompanija AB (LLK) were prepared in accordance with the International Financial Reporting Standards.

The revenue of LLK for the first quarter of 2014 amounted to LTL 11.2 million (EUR 3.3 million) and decreased by 6% when compared to the revenue of LTL 12.0 million (EUR 3.5 million) during the first quarter of 2013.

During the first quarter of 2014 LLK achieved the EBITDA of LTL 4.5 million (EUR 1.3 million). The EBITDA for the first quarter of 2013 was LTL 5.0 million (EUR 1.5 million).

The profit of LLK for the first quarter of 2014 was LTL 1.6 million (EUR 0.5 million). The loss of LLK for the first quarter of 2013 was LTL 1.9 million (EUR 0.6 million).

During the first quarter of 2014 the increase of the exchange rate of the US Dollar resulted in LTL 0.2 million (EUR 0.06 million) loss from currency exchange rate change. During the first quarter of 2013 the increase of the exchange rate of the US Dollar resulted in LTL 4.3 million (EUR 1.2 million) loss from currency exchange rate change.

         Mindaugas Petrauskas
         Executive Director
         Tel.: +370 46 340001 ext. 713


Attachments

Q1 2014, Interim financial statements.pdf