Financial Services

International Internet Magazine. Baltic States news & analytics Monday, 28.07.2014, 13:29

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Ryanair Q1 profits increase of 152%

Ryanair Q1 profits increase of 152%

28.07.2014

Ryanair, Europe’s biggest low fares airline today (July 28) announced a Q1 Net Profit of €197m, an increase of 152% over last year, although cautioned that this result was distorted by the timing of a very strong Easter in Q1 with no holiday period in the prior year comparable. Traffic grew to 24.3m as load factors rose by 4% points to 86%. Average fare rose by 9%, boosted by a strong Easter period, while total revenues were up 11% to €1.496bn. Unit costs fell by 2%, excluding fuel they rose by 1%б reported BC Howard Millar from Ryanair Holdings plc.

Keyword tags: Airport, Financial Services, Good for Business, Transport



SEB, DNB Banks grant EUR 30mn for Lithuanian Co Linas Agro Group's subsidiary

SEB, DNB Banks grant EUR 30mn for Lithuanian Co Linas Agro Group's subsidiary

28.07.2014

SIA Linas Agro, a subsidiary of AB Linas Agro Group, has refinanced its existing liabilities and attracted new capital to develop its business in Latvia. The credit line for working capital in the amount of 30 million euros has been granted by SEB and DNB banks in Latvia within the scope of the club loan with SEB Banka being the leading bank of the transaction. The funding is secured in equal parts - 15 million euros by each bank, says the company in a statement, informs ELTA/LETA.

The use of internet banking and ATMs in Estonia has increased

The use of internet banking and ATMs in Estonia has increased

25.07.2014

The use of internet banking and ATMs in Estonia has increased in recent years, Estonian central bank Eesti Pank said in its fresh statistics on payment and settlement systems, informs LETA.


"Aldaris" reduces losses by 33%

"Aldaris" reduces losses by 33%

25.07.2014

Beer brewery "Aldaris" has maintained a steady turnover in 2013, whereas the company's losses reduced by 33 percent, the company also paid EUR 3 million in compensation to employees last year, informs NOZARE.LV/LETA.

Estonia will face a major milk fine

Estonia will face a major milk fine

25.07.2014

Estonian Minister of Agriculture Ivar Padar told Postimees that Estonia is likely to face a 10-14 million euro milk fine for exceeding the European dairy quota next spring, informs LETA.

25.07.2014

Net sales of AS Tallinna Vesi increased, operating profit remains stable

The city of Tallinn water utility AS Tallinna Vesi announced that its net sales of the first half year of 2014 have increased by 1.9% to 26.68 million euros, compared to the same period last year while operating profit remained stable, informs LETA.

25.07.2014

PKN Orlen should foremost take on responsibility itself - Dalia Grybauskaite

According to President Dalia Grybauskaite, Lithuania has offered quite substantial concessions to PKN Orlen, which owns Mazeikiai based petroleum refinery, and this company should assume responsibility for its actions, informs ELTA/LETA.

25.07.2014

In Latvia construction costs in June reduced by 0.1%

Compared to May, level of construction costs in Latvia in June 2014 decreased by 0.1%. Prices of building materials dropped by 0.3%, maintenance and operational costs of machinery and equipment – by 0.1%, but labour remuneration of workers increased by 0.3%.

24.07.2014

"Danske Bank" concludes H1 with losses

"Danske Bank" concluded the first half of 2014 in Latvia with a net loss in the amount of EUR 6.389 million, informs LETA.

24.07.2014

Number of money orders tripled - Lithuania Post

According to Lithuania Post's estimations, the number of domestic money orders has tripled in the course of six months of the current year if compared with the same period of 2013, says the company in a statement, informs ELTA/LETA.

24.07.2014

"Baltikums Bank" posts EUR 6.35 million in net profit in H1

"Baltikums Bank" earned EUR 14.8 million in the first half of 2014, while the bank's net profit reached EUR 6.35 million, according to the bank's unaudited financial data, informs LETA.

24.07.2014

"Depo" turns over EUR 151.9 million in 2013

Construction supplies dealer "Depo DIY" turnover amounted to EUR 151.9 million in 2013, informs NOZARE.LV/LETA reffering to information provided by "Firmas.lv".

24.07.2014

Euro will ensure Lithuania's economic, financial stability - leader of Opposition

Andrius Kubilius, the leader of the Seimas Opposition, Chair of the political group of the Homeland Union - Lithuanian Christian Democratic Party (TS-:LKD), is glad that Lithuania has succeeded to receive the final approval to introduce the euro from 2015, informs ELTA/LETA.

24.07.2014

Danske Bank saw turnover and net profit fall in Estonia

The net profit of Danske Bank Estonia fell to 20.8 mln euros in the first half of this year from 28.6 million euros at the same time last year, informs LETA reffering to Postimees Online.

23.07.2014

Lithuania gets final approval to adopt euro next year

Ministers at today's European Union's General Affairs Council gave final approval for Lithuania to join the eurozone on January 1, Latvian Foreign Minister Edgars Rinkevics announced on Wednesday, informs LETA/AFP.

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