Klaipeda ,Lithuania, 2014-11-17 15:17 CET (GLOBE NEWSWIRE) --
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 nine months of year 2014, ended on 30 September, 2014.
The income during January- September, 2014 was LTL 53,7 million (EUR 15,6 million) and, if compared to the income of nine months 2013 – LTL 72,1 million LTL (EUR 20,9 million), it has decreased by 26%.
EBITDA during January- September, 2014 was LTL 1,4 million (EUR 0,4 million),if compared to EBITDA during the nine months, 2013 was LTL 2,7 million (EUR 0,8 million), it has decreased 48%.
The loss during January- September, 2014 was LTL 15,8 million (EUR 4,6 million), if compared to 2013 loss it increased by 4,6 million LTL (EUR 1,3 million ) or 42 %.
LSC long-term investments (ships’ repairs) during January- September, 2014 were LTL 0,5 million (EUR 0,14 million). Long-term investments during the reporting period 2013 were LTL 5,1 million (EUR 1,5 million).
Attachment:
LSC confirmation by responsible persons and unaudited financial statements for ended the 30 September 2014
Arvydas Stropus
Chief accountant
tel. (8 46) 393 126
