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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 11:50

Net profit of Lithuania’s City Service soars by 37.8% in 9 months

BC, Vilnius, 01.12.2015.Print version
City Service, the property maintenance services group with operations in the Baltic countries, Poland and Spain, saw its consolidated net profit soar by 37.8% in the first nine months of the year 2015, to 6.799 million euros, from 4.934 million euros in the same period last year, informs LETA/BNS.

Consolidated net profit from continued operations grew by an annual 36.4% to 5.099 million euros, City Service said in its nine-month financial report.

 

Consolidated revenues from continued operations shrank by 5.4% year-on-year to 121.256 million euros.

 

The group’s revenues in the Baltic countries fell by 5.4% to 50.383 million euros, in Spain – by 13.5% to 30.425 million euros and in St. Petersburg – by 18.7% to 22.55 million euros.

 

Meanwhile, the revenues in Poland rose by 6.3% to 17.898 million euros.

 

Icor, a Lithuania-based concern, owned 66.23% of shares in City Service at the end of October.






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