August 22, 2011

Rokiskio's H1 profit soars more than threefold

Rokiskio Suris (Rokiskis Cheese) saw its unaudited preliminary consolidated net profit jump 3.6 times, to LTL9.675 million (EUR 2.8 million, US$4.03 million), in H1 2011, from LTL2.7 million (US$1.12 million) on-year.

The net profit margin of the group made up 3.05% in the reporting period.

Consolidated six-month sales rose by 39.1%, to LTL316.780 million (US$131.8 million), from LTL227.77 million (US$94.77 million) in January-June 2010, the company reported through the NASDAQ OMX Vilnius Stock Exchange.

"An improvement in performance, compared with the same period last year, was due to an increase in sales volumes and prices. Exports accounted for almost entire amount of profits," the statement said.

The sales on Lithuania's market totalled LTL117.032 million (US$7.09 million), and the sales abroad made up LTL199.748 million (US$83.11 million).

The dairy group last year saw its consolidated annual sales shrink by 1.2%, to LTL553.76 million (US$230.41 million). Its annual audited net profits soared by 63.9%, to LTL24.561 million (US$10.22 million).

Rokiskio is quoted on the Main List of the NASDAQ OMX Vilnius Stock Exchange.