Pēd. atjaunots: 30.11.2024 14:26 (GMT+2)

Lifosa: Semi-annual results for 2003

21.07.2003, Lifosa, VLN
LIFOSA
MATERIAL EVENT

SEMI-ANNUAL RESULTS FOR 2003

According to the International Accounting Standards, Lifosa AB earned LTL 2.975
thousand of profit during the first half of 2003, while during the same period
of 2002, the company incurred LTL 11.059 thousand of loss.
The positive result was achieved due to a considerable production volume and an
increased price of diammonium phosphate. A steep jump in the price of raw
materials this year prevented the company from demonstrating even better
results.
Revenue of the first half of 2003 reached LTL 207 million, which is by 37
percent more than during the same period of last year.
During the first half of this year, production of the diammonium phosphate
amounted to 341 thousand tones, which is by 43.6 percent more than during the
same period last year.
Currently Lifosa AB operates in its full capacity and is accomplishing goals
foreseen in the restructuring plan.


Zigmas Ežerskis
Finance Director, at interim
(370 347) 66 262

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