Lietuvos Juru Laivininkyste
PC ‘Lithuanian shipping company’ activity results and interim financial statements for the nine month 2013
Lietuvos Juru Laivininkyste AB 25.11.2013 15:57 --------------------------------------------------------------------------- Klaipeda, Lithuania, 2013-11-25 15:57 CET (GLOBE NEWSWIRE) -- Activity results for the nine months of 2013. On 22 November, 2013 the Board of PC 'Lithuanian Shipping Company' (LSC) has confirmed unaudited interim financial reports prepared according to the International Financial Reporting Standards for the period of six months of year 2013, ended on 30 September, 2013. The income during January- September, 2013 was LTL 72,1 million (EUR 20,9 million) and, if compared to the same months of 2012 income of LTL 60,3 million (EUR 17,5 million), has increased by 19,6%. EBITDA during January- September, 2013 was LTL 2,7 million (EUR 0.8 million), EBITDA during the nine months of 2012 was LTL 10,4 million (EUR 3,0 million). The loss during January-September, 2013 was LTL 11,2 million (EUR 3,2 million), of which LTL 1,0 million (EUR 0.3 million) is related to positive impact of currency exchange. The loss of the same months of 2012 was LTL6,3 million (EUR 1,8 million). LSC long-term investments (ships' repairs) during January-September, 2013 were LTL 5,1 million (EUR 1,8 million). Long-term investments during the same months of 2012 were LTL 7,1 million (EUR 2,1 million). Due to protracted economic hardship in the global shipping market the interim results for the nine months of 2013 did not meet management's expectations. Considering that during the period January-September, 2013 all planned ship's repairs for the year 2013 were fully performed LSC expects to stable and more cost-effective performance in the 4 quarter of 2013. Attachment: LSC interim financial reports for the period of nine months ended on 30th September, 2013. Arvydas Stropus Chief Accountant Ph.: (+370 46) 393126 News Source: NASDAQ OMX 25.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Lietuvos Juru Laivininkyste AB Lithuania Phone: Fax: E-mail: Internet: ISIN: LT0000125999 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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