Corrected plans for 2010

Grigiskes AB / 

05.08.2010 14:42

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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The Board meeting on 5 August 2010 approved a corrected budget for the year
2010. 
It planned that Grigiskes AB sales in 2010 will increase to LTL 126,5 mln. (EUR
36,6 mln.) and will be higher by LTL 16,8 mln. (EUR 4,9 mln.) than it was in
2009. The company will earn a profit before taxes of LTL 1,6 mln. (EUR 0,5
mln.) which will be LTL 1.9 mln. (EUR 0,55 mln.) or 54% lower than it was in
2009. 
Planed profit before taxes for the year 2010 is corrected after the expected
financial results of the six months of the year 2010 and the trends of raw
materials prices were re-evaluated. 
On the 27th of April 2010 proclaimed forecasted financial indicators for the
year 2010 of Grigiskes AB Group remain unchanged. It was planned that the Group
which consists of Grigiskes AB, daughter enterprises Baltwood UAB, Klaipedos
kartonas AB and Mena Pak OAO in the year 2010 will reach a turnover of LTL 230
mln. (EUR 66,6 mln.), which is LTL 111,1 mln. (EUR 32,2 mln.) or 93% over the
turnover of 2009. The Group's profit before taxes will reach LTL 7,6 mln. (EUR
2,2 mln.) and will be LTL 4,4 mln. (EUR 1,27 mln.) or 2,4-fold higher than it
was reached on the year 2009. 


Gintautas Pangonis
General Director
(+370-5) 243 58 01

News Source: NASDAQ OMX



05.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Grigiskes AB
              
               
              Lithuania
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LT0000102030
WKN:          
 
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