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2008-11-25 15:16:42 CET 2008-11-25 15:17:42 CET REGULATED INFORMATION Grigiskes AB - Notification on material eventResolutions adopted at the meeting of the Board on 25 October 2008 and interim results for ten months of 2008To the Securities Commission of the Republic of Lithuania, Vilnius Stock Exchange, BNS, ELTA, www.grigiskes.lt. The Board meeting on 25 November 2008 discussed: JSC Grigiskes results of ten months 2008 and revised budget for the year 2008. Over ten months of this year the Group's which consists of JSC Grigiskes and daughter enterprise Baltwood LTD turnover was LTL 124.7 mln. (EUR 36.1 mln.), comparing with the same period 2007 the sales increased by 4.4 %. Group's loss reached LTL 3.3 mln. (EUR 1.0 mln.). In October the Group reached a turnover of LTL 12.8 mln. (EUR 3.7 mln.). Over the same period in 2007 the Group's turnover was LTL 14.2 mln. (EUR 4.1 mln.). Loss was caused by record prices of natural gas in September and October and lower than expected sales results. The Board meeting approved revised budget for year 2008. This year the Group plans to reach turnover of LTL 148 mln. (EUR 42.9 mln.) and to reach a loss of LTL 4.0 mln. (EUR 1.2 mln.). Gintautas Pangonis General Director (+370-5) 243 58 01 |
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