Utenos Trikotazas
Sales in the II quarter of 2014
DGAP-News: Utenos Trikotazas 31.07.2014 / 16:25 --------------------------------------------------------------------- AB 'Utenos trikotažas' sales in the II quarter of 2014 reached LTL 11.9 million (EUR 3.4 million), i.e. were 12.1 % lower compared to the same period in 2013. Consolidated sales by 'Utenos trikotažas' group in the II quarter of 2014 reached LTL 15.6 million (EUR 4.5 million), i.e. were 4.2 % lower compared to the same period in 2013. AB 'Utenos trikotažas' sales in the first half of 2014 amounted to LTL 23.7 million (EUR 6.8 million), i.e. were 16.1 % lower compared to the same period in 2013. Consolidated sales by 'Utenos trikotažas' group in the first half of 2014 reached LTL 30.7 million (EUR 8.9 million), i.e. were 9.3 % lower compared to the same period in 2013. 'While implementing the Company's strategy, having rejected certain orders, as well as striving for the development of innovative materials and higher profitability contracts, we forecasted lower sales in the first half of this year compared to the previous year. However, the new strategy should ensure a higher operating profitability,' says Gintautas Bareika, the Managing Director of 'Utenos trikotažas'. In the first quarter of 2014 AB 'Utenos trikotažas' group gained LTL 0.6 million (EUR 0.2 million) profit, while in the same period of 2013 its loss amounted to LTL 0.8 million (EUR 0.2 million). Besides, in the first quarter of 2014 AB 'Utenos trikotažas' gained LTL 0.2 million (EUR 0.1 million) profit, while in the same period of 2013 its loss amounted to LTL 1.2 million (EUR 0.4 million) For more information please contact Mr. Gintautas Bareika, the Managing Director of AB Utenos Trikotažas, phone 370 389 51445. I, the undersigned, hereby confirm that the above information is complete and true. Managing Director of AB Utenos Trikotažas Gintautas Bareika News Source: NASDAQ OMX --------------------------------------------------------------------- 31.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: Utenos Trikotazas Lithuania ISIN: LT0000109324 End of News DGAP News-Service --------------------------------------------------------------------- 280320 31.07.2014
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