JSC Grigiskes plans for the year 2010

Grigiskes AB / 

18.12.2009 

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 18 December 2009 approved a budget for the year 2010.

It is planned that The Group which consists of JSC Grigiskes and daughter
enterprise Baltwood LTD in the year 2010 will reach a turnover of LTL
140.3
mln. (EUR 40.6 mln.), which is LTL 21.5 mln. (EUR 6.2 mln.) or 18% over
the
expected turnover of 2009. The Group profit before taxes will reach LTL
5.5
mln. (EUR 1.6 mln.) and will be LTL 2.2 mln. (EUR 0.6 mln.) or 68% higher
than
it is expected for the year 2009. 
It is also planned that JSC Grigiskes sales in 2010 will increase to LTL
126.5
mln. (EUR 36.6 mln.) and will be higher by LTL 17.2 mln. (EUR 5.0 mln.)
than it
is expected for the year 2009. The company will earn a profit before taxes
of
LTL 5.0 mln. (EUR 1.4 mln.) which will be LTL 1.4 mln. (EUR 0.4 mln.) or
38%
higher than it is expected for the year 2009. 
In planning the activities for the year 2010 company was focused on the
sales
of the hygienic paper products. Increase in sales for the year 2010 will
be
achieved by paying a special attention not only to Lithuanian but and to
foreign markets, especially - Scandinavia and neighboring countries. 

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

News Source: NASDAQ OMX



18.12.2009  Ad hoc announcement, Financial News and Media 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:          
 
End of News                                     DGAP News-Service
 
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