Klaipeda, Lithuania, 2014-05-09 14:35 CEST (GLOBE NEWSWIRE) --
Activity results for the 3 months of 2014.
On 8 May, 2014 the Board of PC “Lithuanian Shipping Company” (LSC) has confirmed unaudited financial reports prepared according to the International Financial Reporting Standards for the period of three months of year 2014, ended on 31st March, 2014.
The income during January-March, 2014 was LTL 20,7 million (EUR 6,0 million) and, if compared to the income of three months 2013 – LTL 25,6 million LTL (EUR 7,4 million), has increased by 19%.
EBITDA during January- March, 2014 was LTL 2.3 million (EUR 0,7 million), EBITDA during the three months, 2013 was LTL 1,9 million (EUR 0,5 million), has decreased 20%.
The loss during January-March, 2014 was LTL1,5 million (EUR 0,4 million), the loss of three months 2013 was LTL 5,2 million (EUR 1,5 million).
LSC long-term investments (ships’ repairs) were not made during January-March, 2014. Long-term investments during the reporting period 2013 were LTL 3,0 million (EUR 0,9 million).
Attachment:
LSC unaudited financial statements for the three months, 2014
Arvydas Stropus
Chief accountant
tel. (8 46) 393 126
