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Saturday, 20.04.2024, 07:40
Pre-tax profit of Lithuanian enterprises grows by 23% in 9 months
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Pre-tax profit increased in all sectors of economy, with an exception of forestry and fisheries, transport and storage, and accommodation and food services. Pre-tax profit of construction companies increased the most, by 75% and reached half of profit earned in 2008.
The average profitability of enterprises in 2014 was 4.7%, by 0.6 percentage points more than in 2013. The most profitable were enterprises engaged in business services (15% profitability) and IT and telecommunications services (11.1% profitability). The least profitable were enterprises engaged in trade (3.3% profitability) and in accommodation and food services (2.9%).
Based on 2013-2014 nine month results, it has been noticed that profits of companies grew twice as fast compared with expenditure on employees, 22 and 11% respectively.
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