Grigiskes AB

Company event



Performance results for the period of January – July 2004



During seven months of 2004, the sales of goods and services of the largest

producer of wood fibre board and medical and daily use paper products

„Grigiškės” AB generated LTL56.268 m., which by 30.2% exceeded the amount of the

corresponding period in 2003, when the sales of goods and services totalled

LTL43.231 m. The seven-month profit of the company increased by 22.8% and

currently stands at LTL4.430 m. (a year ago it made up LTL3.609 m).



In July alone Grigiskes AB earned a profit of LTL746.9 thous. Its profit as

compared with July of 2003 augmented by a factor of 3.2 (Profit of July 2003

amounted to LTL231 thousand).



The sales and services of the company in July rose by 23.1% against the

corresponding period of 2003 and totalled LTL7.627 m. The sales of goods and

services of July 2003 generated LTL6.197 m.





Gintautas Pangonis

Director General

(+370 5) 243 58 01