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2009-06-30 19:46:38 CEST 2009-06-30 19:47:39 CEST REGULATED INFORMATION Agrowill Group AB - Interim informationPreliminary unaudited results of Agrowill Group AB for Ist quarter of 2009The preliminary consolidated non-audited sales of Agrowill Group AB for 1st quarter of 2009 totalled LTL 18.9 million (EUR 5.5 million), i.e. a 70 percent increase as compared to the same period of 2008. In 1st quarter 2008, the consolidated unaudited sales ammounted to LTL 11.1 million (EUR 3.2 million). The 1st quarter consolidated non-audited loss of the year 2009 ammounted to LTL 8.7 million (EUR 2.5 million). The 1st quarter consolidated unaudited net profit of the year 2008 was equal to LTL 3.2 million (EUR 0.9 million). The growth in revenues was influenced by investments into subsidiary companies, as well as sales of 2008 harvest and non-profitable cattle group. The negative result was caused by sales of non-profitable cattle group, as well as significant increase in financing costs due to rapid expansion of the Group made in 2008. The interim consolidated unaudited report of Agrowill Group AB for the 3 month period ended 31 March 2009 and confirmation of the responsible persons are attached. Mindaugas Juozaitis General Director (8-5) 233 53 40 |
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