2013-08-30 16:00:00 CEST

2013-08-30 16:00:03 CEST


REGULATED INFORMATION

Lithuanian English
Utenos Trikotazas AB - Interim information

Financial statements of the first half 2013 


Consolidated Group operating loss for the first half of 2013 was LTL 0.8
million (EUR 0.2 million), as in the same period in 2012 the Group incurred LTL
1.8 million (EUR 0.5 million) operating loss. Group incurred LTL 1.9 million
(EUR 0.6 million) of pre-tax loss, as in the same period in 2012 the Group
incurred LTL 2.4 million (EUR 0.7 million) loss before taxes. 

AB "Utenos trikotažas" incurred LTL 1.5 million (EUR 0.4 million) of operating
loss for the first half of 2013,  in the same period in 2012 the Comany also
incurred LTL 1.5 million (EUR 0.4 million) operating loss. The Company incurred
LTL 2.6 million (EUR 0.8 million) of pre-tax loss, as in the same period in
2012 incurred LTL 2.5 million (EUR 0.7 million) loss before taxes. 

The consolidated Group results (precisely financial activity) were positively
impacted by LTL 0.1 million (EUR 0.04 million) in the first half of 2013 due to
Ukraine currency exchange rate (UAH) fluctuation, as in the same period in 2012
the foreign exchange influence impacted results by LTL 0.5 million (EUR 0.2
million). It is important to note, that it virtually had no effect on the
Company or Group cash flows. 

On the 26 of August, 2013 the Company sold real estate, not used in the main
activity, for LTL 1,62 million (EUR 0,47 million). The assets were sold for the
accounting value, so the transaction would have no impact for the company and
the group Profit (Loss) Statement in the III quarter of 2013. The proceeds from
the sale of assets were used to amortise liabilities to Swedbank Lizingas UAB. 

For more information please contact Mr. Gintautas Bareika, Managing Director of
AB Utenos trikotažas, tel. No. 370 389 51445. 

I, the undersigned, confirm that the above information is complete and true.



Managing Director    AB “Utenos trikotažas”     Gintautas Bareika