Apranga APB

Company event



Preliminary pre-audited profit for the year 2004



The preliminary and pre-audited profit of the Apranga group, the leader of the

Lithuanian retail sellers of wearing apparel, for the year 2004 totaled LTL

7.486 m before taxes. The preliminary and pre-audited profit of the main company

Apranga APB for the year 2004 amounted to LTL 6.34 m before taxes.



The targeted LTL 8.0 m profit of the group before taxes was not achieved due to

main 2 reasons: exceptionally warm weather in Q4 of 2004 and unfavorable

influence of the change in the exchange rate in Latvia.



In 2005, the turnover of the Apranga group's network according to the plans

approved by the Board is expected to amount to over LTL 200.0 m and a pre-tax

profit is to grow correspondingly together with the increase in the

turnover reaching at least LTL 11.0 m. Ten stores are planned to be opened.



The shares of the public trading company Apranga are listed on the Vilnius Stock

Exchange. The Apranga APB is owned by the concern MG Baltic.





Saulius Bacauskas

Finance and Economcs Director

(+370 5) 239 08 43