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2010-11-24 14:06:46 CET 2010-11-24 14:07:46 CET REGULATED INFORMATION Utenos Trikotazas AB - Interim informationAB ,,Utenos trikotažas” activity results for the 9 months of 2010Company “Utenos trikotažas" sales for the 9 months of 2010 reached LTL 45.5 million (EUR 13.2 million), 3% less than during the same period in 2009. The Company earned LTL 1.2 million (EUR 0.4 million) profit from typical operations and incurred LTL 0.3 million (EUR 0.1 million) of pre-tax loss, and in the same period in 2009 earned LTL 1.9 million (EUR 0.6 million) profit from typical operations and LTL 0.6 million (EUR 0.2 million) of pre-tax profit. Consolidated Group sales for the 9 months of 2010 reached LTL 52.8 million (EUR 15.3 million), 3.2 % less than during the same period in 2009. The Group earned LTL 2.1 million (EUR 0.6 million) profit from typical operations and LTL 1.5 million (EUR 0.4 million) of pre-tax profit, and in the same period in 2009 earned LTL 1.7 million (EUR 0.5 million) profit from typical operations and incurred LTL 1.7 million (EUR 0.5 million) of pre-tax loss. Company “Utenos trikotažas" sales for the III quarter of 2010 reached LTL 15.4 million (EUR 4.5 million), 17.7% more than during the same period in 2009. The Company earned LTL 0.4 million (EUR 0.1 million) profit from typical operations and incurred LTL 0.1 million (EUR 0.04 million) of pre-tax loss, and in the same period in 2009 earned LTL 0.4 million (EUR 0.1 million) profit from typical operations and LTL 0.1 million (EUR 0.03 million) of pre-tax profit. Consolidated Group sales for the III quarter of 2010 reached LTL 17.6 million (EUR 5.1 million), 16.6% more than during the same period in 2009. The Group earned LTL 0.7 million (EUR 0.2 million) profit from typical operations and incurred LTL 2.2 million (EUR 0.6 million) of pre-tax loss, and in the same period in 2009 earned LTL 0.3 million (EUR 0.1 million) profit from typical operations and incurred LTL 1.9 million (EUR 0.5 million) of pre-tax loss. The consolidated Group results were positively impacted by LTL 1,4 million (EUR 0,4 million) for the 9 months of 2010 and negatively by LTL 2,1 million (EUR 0,6 million) for the III quarter of 2010 due to Ukraine currency exchange rate (UAH) fluctuation. It is important to note, that it virtually had no effect on the Company or Group cash flows. „The main challenge for the company this year has been very sharply increasing cotton prices hitting all time highs. The cotton yarn is the main material used by the company and it was not possible to immediately transfer such cost increase to our clients. Accordingly, operating results this year are somewhat below our expectations despite our efforts and improving sales trend. It is likely that record high and volatile cotton prices will continue in the last quarter as well.” - says the General Manager of the company Utenos trikotažas Nerijus Vilūnas. For more information please contact Mr. Nerijus Vilūnas, Managing Director of AB „Utenos trikotažas“, tel. No. 8 389 51445. I, the undersigned, confirm that the above information is complete and true. Managing Director AB „Utenos trikotažas“ Nerijus Vilūnas |
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