Pieno Zvaigzdes
Pieno zvaigzdes AB, not audited financial results for the first nine months of 2012
Pieno Zvaigzdes AB 30.11.2012 15:15 --------------------------------------------------------------------------- Vilnius, Lithuania, 2012-11-30 15:15 CET (GLOBE NEWSWIRE) -- Based on preliminary unaudited results Company's sales over nine months in 2012 accounted to LTL 566.9 million (EUR 164.2 million), 8.1% higher compare to a year ago. Sales resulted over nine months in 2011 were LTL 524.4 million (EUR 151.9 million). Sales increased in both domestic and export markets. Export volumes increased by 11% and domestic sales increased by 4%. Over the nine months of the year Company's EBITDA accounted to LTL 50.7 million (EUR 14.7 million) and decreased by 0.6% compare with EBITDA of LTL 51.0 million (EUR 14.8 million) a year ago. The Company earned a net profit of LTL 19.7 million (EUR 5.7 million) or 2.2% less compared to a net profit of LTL 20.2 million (EUR 5.8 million) over same period in 2011. Implementing Board's approved investment program, company successfully completed modernization of butter production line and invested in this project 22 million litas (6.4 million EUR). Audrius Statulevicius CFO (+370 5) 246 1419 News Source: NASDAQ OMX 30.11.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory 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: Pieno Zvaigzdes AB Lithuania Phone: Fax: E-mail: Internet: ISIN: LT0000111676 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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