”It is a pleasure to see a new interesting company listed, especially when the company is private, the owners of which sell their stake publicly to a wider range of investors. Listing of a new company benefit all market participants: investors get a new investment opportunity and company owners gain a possibility to attract new capital for business development as well as establish fair market value of the company”,- said Dalia Jasulaityte, Chairman of the Management Board of Vilnius Stock Exchange.
”The decision to list our securities on the I-List of the Vilnius Stock Exchange marks a new significant stage in the company’s business. We believe that fast growth possibilities and dividend policy will bring investors a good return of their capital invested”, said Gintaras Bertasius, Director General of Vilkyskiu pienine AB.
The core activity of Vilkyskiu Pienine AB is manufacturing of dairy products. It is expected that in 2006 sales of the company will stand at LTL 113 million (EUR 32.73 million). The anticipated profit of the company for 2006 is LTL 6.26 million (EUR 1.81 million). In 2007, the company expects to increase its income up to LTL 126 million (EUR 36.49 million) and its net profit to total LTL 8.3 million (EUR 2.40 million).
In 2005, audited income of the company made LTL 91.708 million (EUR 26.56 million), which is by 22.1% more than in 2004, when the income amounted to LTL 75.101 million (EUR 21.75 million). Net profit of the cheese maker during the year 2005 reached LTL 4.28 million (EUR 1.24 million).
Additional information is available at www.cheese.lt/investuotojams.
For more information, please contact:
Gintare Blazyte, Marketing and Communications Specialist
Vilnius Stock Exchange +370 5 272 13 71
About OMX
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