The main shareholders of Vilkyskiu pienine has successfully completed the sale additional shares for minority investors and is considering applying to the Vilnius Stock Exchange to be accepted to the Main List on Vilnius Stock Exchange this week. In the beginning of November in an auction 1.1% of stock was sold representing 102 872 shares. During following two weeks another 1.97% were sold, representing 184 057 shares. In total 25.10% of shares were distributed on the Vilnius Stock Exchange. “A significant part of shares were sold during the dominant pessimistic mood on the stock market, which only confirms that investors believe in the Vilkyskiu pienine. We have achieved the requirements to be accepted to the Main List faster than we have planned”, - commented Karolis Rukas, Head of Corporate Finance at Orion Securities During the sale process the shares sold belong to Gabriele Bertasiute. They were bought by Lithuanian and foreign investors. In September 2007 with the target to diversify the structure of shareholders 11.72% of Vilkyskiu pienine were sold to foreign investors. One of the most advanced cheese production dairies in Lithuania AB Vilkyskiu pienine recorded revenue during the 9 months of 2007 of 99.4 mln. LTL (28.8 mln. EUR) or 27.3% higher compared to the same period last year. Profit before tax amounted to 9.97 mln. LTL (2.89 mln. EUR) or 3.5 times greater compared to the 9 months of 2006. Net profit landed at 8.1 mln. LTL (2.3 mln. EUR) or 4 times greater compared to the 9 months of 2006. As a result of an increase in revenue and profits, which has beaten previous profit and revenue forecasts for 2007, the company has reviewed and updated its forecasts. It is now estimated, that 2007 consolidated revenue should reach 140 mln LTL (40.5 mln EUR), with net profit amounting to 10.6 mln LTL (3.1 mln. EUR). AB Vilkyskiu pienine shares are currently listed on Vilnius Stock Exchange Secondary List. During October 2007, AB Vilkyskiu pienine became the first Lithuanian company, which shares are exposed to market making on Vilnius Stock Exchange. More information: Vilija Milaseviciute, AB Vilkyskiu pienine economist - analyst, Tel.: +370 441 55 102 Karolis Rukas, Orion Securities, Head of Corporate Finance, Tel. +370 699 78805, e-mail: KR@orion.lt
Vilkyskiu pienine is preparing an application to be accepted to the Main List on Vilnius Stock Exchange
| Source: Vilkyskiu Pienine