GRIGISKES

MATERIAL EVENT



RESULT OF PERFORMANCE DURING 11 MONTHS



The total turnover of AB Grigiskes, one of the largest producer of hardboard

and hygienic paper, during eleven months was by 3 per cent more than during the

accountable period last year. The total turnover for the period from January

until November amounted to LTL 57.62 million (LTL 55,96 million during the

corresponding period last year.



In November, the company’s sales accounted for LTL 5.9 million, which is by 9

per cent more than in November last year (LTL 5.5 million).



During eleven months of the year, AB Grigiskes generated unaudited net profit

of LTL 1.27 million and LTL 283thou of which were generated in November. During

the corresponding period last year, the company suffered a loss of LTL 2.21

million, where the loss incurred in November reached LTL 449thou.





Gintautas Pangonis

Director General

(22) 333904