Financial statements for the I quarter of 2012

Utenos Trikotazas AB 

31.05.2012 18:00
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Consolidated Group operating loss for the first quarter of 2012 was LTL 1.1
million (EUR 0.31 million), as in the same period in 2011 the Group earned LTL
1.3 million (EUR 0.37 million) of operating profit. The Group incurred LTL 2.3
million (EUR 0.66 million) of pre-tax loss, as in the same period in 2011 the
Group incurred LTL 0.6 million (EUR 0.18 million) loss before taxes. 

AB 'Utenos trikotažas' operating loss for the first quarter of 2012 was LTL 1
million (EUR 0.28 million), as in the same period in 2011 the Company earned
LTL 1.1 million (EUR 0.31 million) operating profit. The Company incurred LTL
1.5 million (EUR 0.44 million) of pre-tax loss, as in the same period in 2011
earned LTL 0.5 million (EUR 0.13 million) profit before taxes. 

The consolidated Group results (precisely financial activity) were negatively
impacted by LTL 0.6 million (EUR 0.17 million) for the three months of 2012 due
to Ukraine currency exchange rate (UAH) fluctuation, as in the same period in
2011 the foreign exchange influence was negative and reached LTL 1.2 million
(EUR 0.34 million). It is important to note, that it virtually had no effect on
the Company or Group cash flows. 

'The Group's operating results were resulted, as it was previously commented,
by the lower sales level to price-sensitive retail clients. 

Currently the dynamics of incoming orders shows the sales growth and we expect
better operating results in the second quarter of this year compared with the
first one.'- says AB 'Utenos Trikotažas' Managing Director Gintautas Bareika. 

For more information please contact Mr. Gintautas Bareika, Managing Director of
AB Utenos trikotažas, tel. No. 370 389 51445. 

I, the undersigned, confirm that the above information is complete and true.

Managing Director AB Utenos trikotažas                                         
       Gintautas Bareika
News Source: NASDAQ OMX



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Language:     English
Company:      Utenos Trikotazas AB
              
               
              Lithuania
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LT0000109324
WKN:          
 
End of Announcement                             DGAP News-Service
 
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