Apranga APB

Company event



Sales revenue in January - July 2004



Revenues from retail trade of the Apranga JTC store chain in July 2004 amounted

to LTL 8765.2 thous. increasing the figure of July 2003 by 35.2%. During the

first seven months of the current year the sales of the retail store network of

the company grew by 25.1% and totalled LTL 58824.3 thous. The sales volumes fit

the forecast. High growth rates of the sales were mainly influenced by the

expansion of the sales network. In the first half-year of 2004, Apranga JTC

opened 5 new stores and reorganized one into a bargain sell outlet „Isparduotuve

A”.  The achieved agreements with the global clothing business leader INDITEX on

the opening of ZARA stores in all the Baltic states have adjusted the plans of

Apranga JTC. Four projects have been cancelled by Apranga to elude possible

inside competition.  Still Apranga JTC is going to realize 9 new projects

(including opening of 3 Zara stores in Vilnius, Riga and Tallinn and the first

in Eastern Europe franchise store EMPORIO ARMANI in Riga). The abovementioned

projects have already required large investments and additional resources; this

notwithstanding Apranga JTC is successfully pursuing the financial plans

forecasted for this year.





Saulius Bacauskas

Finance and Economics Director

(+370 5) 239 08 43