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Consolidated profit of Snaige increased more than twofold in 9 months
BC, Vilnius, 01.12.2015.
Print version
Print versionLithuania’s refrigerator manufacturer Snaige, which is part of Russia’s Polair group, posted 34.658 million euros in consolidated revenue for the first nine months of the year 2015, a rise of 4.1% from the year-earlier figure of 33.305 million euros, informs LETA/BNS.
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Consolidated net profit soared more than twofold to 897,200 euros, Snaige said in a filing to the NASDAQ Vilnius Stock Exchange.
In the third quarter alone, the revenue rose by an annual 21.3% to 14.273 million euros and the net profit surged by 2.3 times to 825,900 euros.
The company exported approximately 94% of its output in January through September. It achieved the biggest sales in France (21%), Germany (13%) and Poland (13%). In addition, it managed to gain a foothold in Scandinavia, Israel, Azerbaijan and Georgia.
Polair owns 91.1% of shares in Snaige through Vaidana.
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