June 7, 2011

Rokiskio dairy group's consolidated sales surge

Rokiskio Suris (Rokiskis Cheese), the major Lithuania's dairy organisation, saw its consolidated sales increasing massively by 42.5%, to LTL250.832 million (US$105.8 million) in the first five months of this year in contrast to LTL176.077 million (US$74.3 million) in the same period last year.

In May alone, the consolidated sales grew by 25.9% on year, to LTL51.091 million (US$21.5 million), according to Rokiskio Suris. 

The dairy group last year saw its consolidated annual sales shrink by 1.2% to LTL553.76 million (US$233.7 million). Its annual audited net profits soared by 63.9% to LTL24.561 million (US$10.4 million).

Rokiskio Suris CEO, Antanas Trumpa, and Pieno Pramones Investiciju Valdymas, a firm controlled by Trumpa, held 57.31% of shares in the dairy company at the end of 2010. Other shareholders included the customers of Sweden's Skandinaviska Enskilda Banken (11.86%) and the customers of Estonia's Swedbank (6.52%).

The dairy company is quoted on the Main List of the NASDAQ OMX Vilnius Stock Exchange.