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2011-02-28 17:10:07 CET 2011-02-28 17:11:06 CET REGULATED INFORMATION Utenos Trikotazas AB - Interim informationActivity results for the 12 months of 2010Consolidated Group sales for the 12 months of 2010 reached LTL 70.7 million (EUR 20.5 million), 0,5 % more than during the same period in 2009. The Group earned LTL 1 million (EUR 0.3 million) profit from typical operations and LTL 0.1 million (EUR 0.04 million) of pre-tax profit, and in the same period in 2009 earned LTL 3 million (EUR 0.9 million) profit from typical operations and incurred LTL 0.1 million (EUR 0.03 million) of pre-tax loss. Company “Utenos trikotažas" sales for the 12 months of 2010 reached LTL 60.4 million (EUR 17.5 million), 0,6% more than during the same period in 2009. The Company earned LTL 0.5 million (EUR 0.2 million) profit from typical operations and incurred LTL 1.6 million (EUR 0.5 million) of pre-tax loss, and in the same period in 2009 earned LTL 4.4 million (EUR 1.3 million) profit from typical operations and LTL 3.2 million (EUR 0.9 million) of pre-tax profit. Consolidated Group sales for the IV quarter of 2010 reached LTL 17.9 million (EUR 5.2 million), 13.3% more than during the same period in 2009. The Group incurred LTL 1.1 million (EUR 0.3 million) loss from typical operations and LTL 1.3 million (EUR 0.4 million) of pre-tax loss, and in the same period in 2009 earned LTL 1.2 million (EUR 0.4 million) profit from typical operations and LTL 1.6 million (EUR 0.5 million) of pre-tax profit. Company “Utenos trikotažas" sales for the IV quarter of 2010 reached LTL 15 million (EUR 4.3 million), 13,2% more than during the same period in 2009. The Company incurred LTL 0.7 million (EUR 0.2 million) loss from typical operations and LTL 1.3 million (EUR 0.4 million) of pre-tax loss, and in the same period in 2009 earned LTL 2.5 million (EUR 0.7 million) profit from typical operations and LTL 2.6 million (EUR 0.8 million) of pre-tax profit. The consolidated Group results were positively impacted by LTL 1,8 million (EUR 0,5 million) for the 12 months of 2010 and by LTL 0,4 million (EUR 0,1 million) for the IV quarter of 2010 due to Ukraine currency exchange rate (UAH) fluctuation. It is important to note, that it virtually had no effect on the Company or Group cash flows. The main challenge for the company in the second half of 2010 had been sharply increasing cotton and its yarn prices which had doubled - tripled hitting all-time highs. Despite our efforts, it was not possible to fully transfer such significant cost increase onto our clients. Consequently, operating results for the fourth quarter of 2010 had been weaker compared to other quarters of the year.“- says the General Manager of the company “Utenos trikotažas” Nerijus Vilūnas. For more information please contact Mr. Nerijus Vilūnas, Managing Director of AB „Utenos trikotažas“, tel. No. 8 389 51445. I, the undersigned, confirm that the above information is complete and true. Managing Director AB „Utenos trikotažas“ Nerijus Vilūnas |
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