Apranga APB Group interim results for the three quarter ended 30-09-2005
Profit before taxes of Apranga APB Group for the first nine months of 2005
is LTL 5 210 thousand (EUR 1 509 thousand) or by 69% more over corresponding
period of last year and by 14% more than planned. The result of corresponding
period of last year was LTL 3 082 thousand (EUR 893 thousand) of profit
before taxes.
The turnover of Apranga APB Group in Lithuania, Latvia and Estonia during
the first nine month of 2005 was LTL 137.8 million (EUR 39.9 million) and
increased by 55.1% or by LTL 48.9 million (EUR 14.2 million) over corresponding
period of 2004.
During the first nine months of this year Apranga APB Group opened 6 new stores
with total selling space of 2 700 sq.m. and investments of LTL 4.2 million
(EUR 1.2 million). Till the end of the year Apranga APB Group is planning to
open 8 more stores with total selling space of about 5 000 sq.m. and
investments of about LTL 9-10 million (EUR 2.6-2.9 million).
During the year 2005 Apranga APB Group is planning to reach the turnover of
LTL 200.0 million (EUR 57.9 million) and to get no less than LTL 11.0 million
(EUR 3.2 million) of profit before taxes.
Rimantas Perveneckas
General Manager
(8-5) 2390 801
