|
|||
2009-05-29 15:44:05 CEST 2009-05-29 15:45:06 CEST REGULATED INFORMATION Apranga APB - Interim informationOn Apranga Group interim report for 3 months of 2009The consolidated net sales of the leader of retail apparel market in Lithuania and the Baltic States Apranga Group has made LTL 75.5 million (EUR 21.9 million) in first quarter 2009, or 24,9% more than a year ago. The Apranga Group has suffered a loss of LTL 10.0 million (EUR 2.9 million) in first quarter 2009. The main reasons of unprofitable performance were: - The sales of the retail chain of Apranga Group were affected by the drop in the Baltics market more than anticipated; - The Apranga Group pursued more aggressive discounted sales seeking inventories optimisation and under difficult competitive situation, what adversely affected gross margin; - The decrease of the shops' efficiency caused by sudden drop in like-to-like sales. The consolidated interim financial statements for 3 months 2009 of Apranga Group, as well as managers' confirmation letter are ready for acquaintance (see attachments). The interim information is also available at www.apranga.lt/investuotojams. Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic. Rimantas Perveneckas Apranga Group Director General +370 5 2390801 |
|||
|