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2010-01-18 11:45:00 CET 2010-01-18 11:45:02 CET REGULATED INFORMATION Lännen Tehtaat - Company Announcement2009 OPERATING PROFIT, EXCLUDING NON-RECURRING ITEMS, UP ON PREVIOUS YEAR'S LEVELLÄNNEN TEHTAAT PLC STOCK EXCHANGE RELEASE 18 January 2010, 12;45 PM 2009 OPERATING PROFIT, EXCLUDING NON-RECURRING ITEMS, UP ON PREVIOUS YEAR'S LEVEL In its third-quarter interim report, Lännen Tehtaat stated that thanks to the measures taken to develop the Group's different businesses, the fourth-quarter operating profit, excluding non-recurring items, was expected to show a year-on-year improvement, and the full-year operating profit, excluding non-recurring items, was expected to be around the same level as in 2008. Preliminary figures indicate that the fourth-quarter operating profit, excluding non-recurring items, was significantly better than expected and also significantly better than the previous year's final quarter figure, rising to more than EUR 5 million (Q4/2008: EUR 2.8 million). The improvement in the Group's businesses continued during the final quarter of 2009, strengthening towards the end of the year. The better than expected result was attributable to the success of the Christmas season in the Seafood business and the success of the Grains and Oilseeds business especially in trading between third countries towards the end of the year. The share of the profit of the associated company Sucros also exceeded expectations. Thanks to the better than expected final quarter, the full-year operating profit of the continuing operations, excluding non-recurring items, represented a year-on-year improvement, deviating from the estimate presented in the interim report. The continuing operations' operating profit for 2009, excluding non-recurring items, is expected to be over EUR 7 million (2008: EUR 5.4 million). The preliminary figures are unaudited and are not based on financial statements approved by the Board of Directors. Lännen Tehtaat's financial statements bulletin for the financial year 1 January - 31 December 2009 will be published at 8.30 am on 17 February 2010. LÄNNEN TEHTAAT PLC Matti Karppinen CEO Further information: Matti Karppinen, CEO, tel. +358 10 402 4001 Copies to: NASDAQ OMX Helsinki Ltd Main media www.lannen.fi . |
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