Pieno Zvaigzdes
Pieno zvaigzdes AB, not audited financial results for the first three months of 2012
Pieno Zvaigzdes AB 30.05.2012 16:03 --------------------------------------------------------------------------- Vilnius, Lithuania, 2012-05-30 16:03 CEST (GLOBE NEWSWIRE) -- Based on preliminary unaudited results Company's sales over three months in 2012 accounted to LTL 157.9 million (EUR 45.7 million), 4.5% lower compare to a year ago. Sales resulted over three months in 2011 were LTL 165.3 million (EUR 47.9 million). Decrease of demand in export market had the major impact on Company's sales decrease in 2012. Export volumes decreased by 9% and generated proceeds of LTL 79.7 million (EUR 23.1 million) compared to LTL 87.5 million (EUR 25.3 million) a year ago and accounted to 50.5% of total proceeds over the period. Over the three months of the year Company's EBITDA accounted to LTL 13.8 million (EUR 4.0 million) and decreased by 19% compare with EBITDA of LTL 17.1 million (EUR 4.9 million) a year ago. The Company earned a net profit of LTL 4.3 million (EUR 1.2 million) or 35% less compared to a net profit of LTL 6.7 million (EUR 1.9 million) over same period in 2011. Audrius Statulevicius CFO (+370 5)246 1419 News Source: NASDAQ OMX 30.05.2012 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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