APRANGA group increases turnover plan for 2006 by 7.4% and profit plan by 42.8%
Apranga Group, the leader of the retailers of wearing apparel in
Baltic states, regarding operating results and realized plans of
expansion, has updated its plans for the year 2006 and is going to
reach a retail turnover of at least LTL 290 million (EUR 84 million)
and to earn a profit before taxes of at least LTL 20 million (EUR 5.8
million).
The initial plan of Apranga Group for the year 2006 was to reach
a retail turnover of at least LTL 270 million (EUR 78.2 million)
and to earn a profit before taxes of at least LTL 14 million (EUR 4
million).
The retail turnover of Apranga Group was LTL 203.1 million (EUR 58.8
million) and profit before taxes was LTL 13.4 million (EUR 3.9 million)
in January through September of 2006, which respectively is 47.4% and
2.6 times bigger than during the same period of year 2005. Apranga Group
has reached the highest monthly turnover ever of LTL 31.1 million (EUR 9
million) and earned a profit before taxes of LTL 3.8 million (EUR 1.1
million) in September, 2006.
During year 2006 Apranga Group has already opened 17 new stores with
trading area of almost 9 thousands sq. m. and investments reaching LTL
20 million (EUR 5.8 million). Currently Apranga Group owns a chain of
64 stores with trading area of 39 thousands sq. m.
Apranga Group is planning even more intensive expansion in year 2007.
The Apranga Group is owned by the concern MG Baltic.
Rimantas Perveneckas
Apranga Group General Manager
+370 5 2390801
