Preliminary pre-audited profit for the year 2005
The preliminary and pre-audited profit before taxes of the
Apranga group, the leader of the retailers of wearing
apparel, for the year 2005 totaled LTL 11.1 million
(EUR 3.2 million), 52% more than yearly result in 2004.
Apranga group operated profitably in all Lithuanian,
Latvian and Estonian markets. Pre-audited profit was in
line with company’s plans and expectations.
In 2006 Apranga group is planning to reach the turnover
of at least LTL 270 million (EUR 78.2 million), and to
earn LTL 14 million (EUR 4 million) profit before taxes.
Apranga group will maintain high growth rates of turnover
and will ensure the highest development speed in the company
history by opening more than 20 new stores and investing
LTL 26 million (EUR 7.5 million).
Currently Aperanga group operates 51 stores in Lithuania,
Latvia and Estonia. The Apranga APB is owned by the
concern MG Baltic. The shares of the Apranga APB are listed
on the Vilnius Stock Exchange Main list.
Rimantas Perveneckas
General Manager
(8-5) 2390 801