PC "Lithuanian shipping company " activity results and interim financial statements for the six month 2014

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| Source: Lietuvos Juru Laivininkyste
multilang-release

Klaipeda, Lithuania, 2014-08-13 15:51 CEST (GLOBE NEWSWIRE) --  

Activity results for the six  months of 2014.

  On 12 August  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 six  months of year 2014, ended on 30 June, 2014.

  The income during January-June  2014  was LTL 36,8 million (EUR 10,7 million) . Compared to the income of six months 2013 – LTL 47,8 million LTL (EUR 13,8 million) it has decreased by 23%.

  EBITDA during January- June 2014 was LTL 2.8 million (EUR 0,8 million). Compared to EBITDA of six months  2013 - LTL 1,2 million (EUR 0,4 million) it has increased 239%.

  The loss during January-June 2014 was LTL 5,6 million (EUR 1,6 million).  Compared to 2013 loss  it decreased by 4,2 million LTL (EUR 1,2 million ) or by 43 %.

  LSC long-term investments (ships’ repairs) were not made during January-June, 2014. Long-term investments during the reporting period 2013 were LTL 4,7 million (EUR 1,4 million).

 

Attachment:

LSC unaudited  financial statements for ended the 30 June 2014 and semi – annual interim report 2014

Arvydas Stropus

Chief accountant

tel. (8 46) 393 126