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2009-12-18 14:01:50 CET 2009-12-18 14:02:51 CET REGULATED INFORMATION Grigiskes AB - Notification on material eventJSC Grigiskes plans for the year 2010The Board meeting on 18 December 2009 approved a budget for the year 2010. It is planned that The Group which consists of JSC Grigiskes and daughter enterprise Baltwood LTD in the year 2010 will reach a turnover of LTL 140.3 mln. (EUR 40.6 mln.), which is LTL 21.5 mln. (EUR 6.2 mln.) or 18% over the expected turnover of 2009. The Group profit before taxes will reach LTL 5.5 mln. (EUR 1.6 mln.) and will be LTL 2.2 mln. (EUR 0.6 mln.) or 68% higher than it is expected for the year 2009. It is also planned that JSC Grigiskes sales in 2010 will increase to LTL 126.5 mln. (EUR 36.6 mln.) and will be higher by LTL 17.2 mln. (EUR 5.0 mln.) than it is expected for the year 2009. The company will earn a profit before taxes of LTL 5.0 mln. (EUR 1.4 mln.) which will be LTL 1.4 mln. (EUR 0.4 mln.) or 38% higher than it is expected for the year 2009. In planning the activities for the year 2010 company was focused on the sales of the hygienic paper products. Increase in sales for the year 2010 will be achieved by paying a special attention not only to Lithuanian but and to foreign markets, especially - Scandinavia and neighboring countries. Gintautas Pangonis General Director (+370-5) 243 58 01 |
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