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2009-11-27 15:40:26 CET 2009-11-27 15:41:49 CET REGULATED INFORMATION Snaige AB - Interim informationOverview of Company‘s business activities during the reporting periodAccording to the non audited consolidated financial information the AB “Snaigė“has achieved a consolidated turnover of 100 million LTL during 9 months of 2009. Major part of turnover, namely 86.7 million LTL, the company achieved in Alytus plant. The work in in Kaliningrad plant was suspended since beginning of the year due to ruble devaluation and economic recession in Russia. During the nine months of 2009 AB „Snaigė“had 32.5 million LTL non audited consolidated loss before taxes. Large part of the loss - 12 mln.LTL was incurred due to write-off of overestimated market value of Kaliningrad factory. The loss due to the ruble devaluation amounted to over 5 million LTL, and severance pay for dismissed employees amounted to around 5 million LTL. Currently, Alytaus plant is running on 100% capacity works five days a week. In September the customs duty for AB „Snaigė“products to Moldova and Ukraine has been cancelled. The company expects export increase to these countries. The consolidated non-audited interim financial reports for 9 months of 2009 and the confirmation of accountable persons (attached). Managing Director Gediminas Čeika +370 315 56206 www.snaige.lt |
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