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Pieno zvaigzdes AB, not audited financial results for the first six months of 2014

August 29, 2014

Vilnius, Lithuania, 2014-08-29 15:00 CEST (GLOBE NEWSWIRE) -- Based on preliminary unaudited results Company‘s sales over first six months in 2014 accounted to LTL 467.8 million (EUR 135.5 million), 17% higher compare to a year ago. Sales resulted over first six months in 2013 were LTL 399.1million (EUR 115.6 million). Sales increased in both domestic and export markets. Export volumes increased by 21% and domestic sales increased by 13%. Over the first six months of the year Company’s EBITDA accounted to LTL 20.7 million (EUR 6.0 million) and decreased by 20.8% compare with EBITDA of LTL 26.2 million (EUR 7.6 million) a year ago. Company earned a net profit of LTL 3.6 million (EUR 1.1 million) or 63% less compare with a net profit of LTL 9.9 million (EUR 2.9 million) over same period in 2013. Audrius Statulevicius CFO (+370 5)246 1419 Copyright © 2014 OMX AB (publ).

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Source: OMX

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