Klaipedos Baldai AB - Interim information

Preliminary unaudited results for 3 months of 2010 and forecasting performance for 2010

Unaudited results of AB Klaipedos baldai for 3 months of 2010:

   Overall sales during January - March 2010 reached LTL 35778 thousand (EUR
10362 thousand), in the corresponding period of 2009 were 48635 LTL  thousand
(EUR 14086 thousand). 
   Earnings before taxes were LTL 1207 thousand (EUR 350 thousand) during
January - March 2010. In the corresponding period of 2009 earnings before taxes
were LTL 1078 thousand (EUR 312 thousand). 
Gross profit margin for January - March 2010 reached 5.5% and exceeded forecast
for 2010 by 1.0 pp. This result was achieved by improvement of the efficiency
in the production and cost optimization. Management expects to achieve planned
annual turnover and financial results, therefore annual forecasts are not
adjusted 1st quarter ended March 31, 2010. 

Ramunas Marozas
Director

For supplementary information contact
Ramunas Marozas                    
tel. +370 687 56600

Attachments:

tarpines fin.ataskaitos 2010-03-31 eng.pdf