Last update: 23.11.2024 05:20 (GMT+2)

VNG: Updated targets for 2005 of Vilniaus Vingis AB

07.10.2005, Vilniaus Vingis, VLN
Vilniaus Vingis AB		Stock Exchange Release		07.10.2005

Updated targets for 2005 of Vilniaus Vingis AB

On 7 October 2005, the Board of Vilniaus Vingis AB updated activity targets
for the year 2005. The decision to sell production for no less than
LTL 82.0 million (EUR 23.75 million) and sustain a loss of no more than
LTL 5.5 million (EUR 1.59 million) was made.

At the beginning of this year the Board of the company approved the plans to
sell production and perform services for no less than LTL 127 million
(EUR 36.78 million) and to earn LTL 3.5 million (EUR 1.01 million) profit
before taxes in 2005. Due to the stagnation in the European TV tubes market the
company will not be able to reach planed targets.



Vaclovas Šleinota
General Director
(+370 5) 239 25 00



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