Atnaujinta: 2024.11.22 14:28 (GMT+2)
APRANGA APB STOCK EXCHANGE RELEASE 23.11.2005
Apranga Group interim results for the ten months ended 31-10-2005
The unaudited profit before taxes of Apranga Group, the leader of retail trade
of clothes in Lithuania, for the October 2005 is LTL 3 821.6 thousand
(EUR 1 106.8 thousand). In October 2005 Apranga Group achieved the best
turnover and profit results in the history of the company.
The retail turnover of Apranga Group during the first ten month of 2005 was
LTL 161.4 million (EUR 46.7 million) and increased by 51.7% over corresponding
period in 2004. The unaudited profit before taxes of Apranga Group for the
first ten months of 2005 is LTL 9 032.2 thousand (EUR 2 615.9 thousand) and
increased by 46.7% over corresponding period of last year.
At the present time Apranga Group manages the chain of 46 stores in Lithuania,
Latvia and Estonia. Only during December eight new stores will be opened
(3 - in Vilnius, 2 - in Kaunas and 3 - in Klaipėda).
The Extraordinary General Meeting of Apranga APB which will be held on
2 December 2005 is intended to increase the authorized capital from the
company's funds by LTL 26 468 970 (EUR 7 665 944) (that is, by LTL 26 027 820
(EUR 7 538 178) from accumulated profit and by LTL 441 150 (EUR 127 766) from
share premium) from LTL 8 822 990 (EUR 2 555 315) to LTL 35 291 960
(EUR 10 221 258) by issuing additional 26 468 970 shares with the nominal
value of LTL 1 (EUR 0.28962) per share and passing them to the shareholders
for free in the proportions of the nominal value of the shares owned on the
date of the General Meeting which adopts the resolution to increase
the authorized capital. Also should be approved the amendments to the Articles
of Association due to increase of the authorized capital.
Rimantas Perveneckas
General Manager
(8-5) 2390 801