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2012-02-29 08:43:12 CET 2012-02-29 08:44:14 CET BIRTINGARSKYLDAR UPPLÝSNINGAR Limarko Laivininkystes Kompanija AB - Interim informationUnaudited operational results for the year 2011The unaudited results for the year 2011 of Limarko laivininkystės kompanija AB (LLK) were prepared in accordance with International Financial Reporting Standards. The revenue of LLK for the year 2011 amounted to LTL 86.7 million (EUR 25.1 million) and decreased by 30% when compared to the revenue of LTL 123.8 million (EUR 35.8 million) for the year 2010. During the twelve months of 2011 LLK achieved the EBITDA (before impairment of vessels) of LTL 7.4 million (EUR 2.1 million) and the EBITDA margin was 9%. In 2010, the EBITDA was LTL 15.3 million (EUR 4.4 million) and the EBITDA margin was 12%. The losses (after impairment of vessels) of LLK in 2011 amounted to LTL 44.4 million (EUR 12.8 million). The losses of LLK for January - December of 2010 were LTL 30.8 million (EUR 8.9 million). The results for 2011 of LLK were mainly influenced by: -- high bunker prices; -- decreasing freight rates; -- increasing competition from the container vessel segment in the market of reefer cargo transportation; -- impairment of vessels. Vytautas Lygnugaris Chief Executive Officer Tel. +370 46 340001 ext. 713 |
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