Limarko Laivininkystes Kompanija AB - Interim information

Unaudited operational results for the year 2010

The unaudited results for the year 2010 of Limarko laivininkystės kompanija AB
(LLK) were prepared in accordance with International Financial Reporting
Standards. 

The revenue of LLK for the year 2010 amounted to LTL 123.8 million (EUR 35.8
million) and decreased by 5% when compared to the revenue of LTL 130.0 million
(EUR 37.6 million) for the year 2009. 

During the twelve months of 2010 LLK achieved the EBITDA of LTL 15.3 million
(EUR 4.4 million) and the EBITDA margin was 12%. In 2009, the EBITDA was LTL
18.5 million (EUR 5.4 million) and the EBITDA margin was 14%. 

The losses of LLK in 2010 amounted to LTL 30.8 million (EUR 8.9 million). The
losses of LLK for January - December of 2009 were LTL 12.4 million (EUR 3.6
million). 

The results for 2010 of LLK were mainly influenced by the rising exchange rate
of the US Dollar which resulted in the currency exchange rate change loss of
LTL 15.4 million (EUR 4.5 million); high bunker prices; historically low
shipping market during the second half of 2010. 

At this moment, one can observe moderate recovery of the world trade. It is
also expected that supply and demand for reefer vessels will balance during
2011, which will enable the company to achieve positive results in 2011. 


         Vytautas Lygnugaris
         Chief Executive Officer
         Tel. +370 46 340001 ext. 713

Priedai:

2010 interim financial statements.pdf