Group's activity results of the nine months of the year 2009

Grigiskes AB / 

24.11.2009 

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Over the nine months of this year the Group which consists of JSC
Grigiskes and
daughter enterprise Baltwood LTD reached a turnover of LTL 86.6 mln. (EUR
25.1
mln.), comparing with the same period of 2008 the sales decreased in 22.7
%.
The Group earned a profit before taxes of LTL 1.7 mln. (EUR 0.5 mln.).
Compared
with the nine months of 2008 the Group reached a loss of LTL 2.8 mln. (EUR
0.8
mln.) before taxes (see attachments). 

In 2009 the Group plans to reach a turnover of LTL 115.6 mln. (EUR 33.5
mln.)
and to earn a profit before taxes of LTL 3.3 mln. (EUR 0.96 mln.). 

Planed results for the year 2009 are corrected after not audited financial
results of the nine months of the year 2009, expected results of the
fourth
quarter of the year 2009 and the trends of Group sales were evaluated. 


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

News Source: NASDAQ OMX



24.11.2009  Financial News 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:          
 
End of News                                     DGAP News-Service
 
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