July 6, 2011

 

Rokiskio Suris' consolidated sales surge in H1

 

 

Rokiskio Suris (Rokiskis Cheese), the major Lithuania's dairy organisation, saw its consolidated sales increasing drastically by 38.8% to LTL316 million (US$132.2 million) in H1 from LTL227.8 million (US$95.3 million) in the same period last year.

 

In June alone, the consolidated sales grew by 22.8% on year to LTL65.3 million (US$27.3 million), Rokiskio Suris reported through the NASDAQ OMX Vilnius Stock Exchange.

 

Dalius Trumpa, Rokiskio Suris' chairman, earlier said that the company's performance this year had met expectations. "We are selling more now and at higher prices compared with last year, but now we fell a rather significant decline in the prices of certain export products," he added.

 

The dairy group last year saw its consolidated annual sales shrink by 1.2% to LTL553.76 million (US$231.6 million). Its annual audited net profits soared by 63.9% to LTL24.6 million (US$10.3 million). 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.

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