The unaudited consolidated profit before income tax of Apranga Group amounted to EUR 5.3 million in 9 months 2018, while profit before tax amounted to EUR 12.6 million in 9 months of 2017 (the decrease by 57.8%). In third quarter the profit before income tax decreased from EUR 7.4 million in 2017 to EUR 2.7 million in 2018 (the decrease by 64.0%).
The decrease in both the results of the third quarter 2018 and 9 months 2018 was mainly influenced by a one-time sale of buildings, which took place in the third quarter 2017, with a positive influence on the year 2017 results of EUR 3.5 million.
After the elimination of a one-time sale of buildings, the Group's 9 months 2018 profit before tax decreased by 41.6% from 9.1 to 5.3 million Euro, and in the third quarter 2018 earnings decreased by 32.0% from 3.9 to 2.7 million Euro.
EBITDA of the Group was EUR 10.2 million in 9 months 2018, and it was EUR 17.5 million in corresponding previous year period.
After the elimination of a one-time sale of buildings, the Group's EBITDA for 9 months 2018 decreased by 27.3% from 14.0 to 10.2 million Euro. EBITDA margin has decreased from 13.5% to 7.7% during the year (from 10.8% to 7.7% after the elimination of a one-time transaction in 2017).
The unaudited interim consolidated financial statements of Apranga Group for nine months of 2018, as well as managers’ confirmation letter are ready for acquaintance in the attachments. The interim information is also available at: http://aprangagroup.lt/en/investors.
Rimantas Perveneckas
Apranga Group Director General
+370 5 2390801
Attachments
