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Lithuanian companies post 3 bln euros in H1 pre-tax profits

BC, Vilniaus, 11.09.2018.Print version
Lithuania's non-financial companies posted over 3 bln euros in aggregate pretax profits for the first half of 2018, a rise of 0.7% on the same time last year, informs LETA/BNS referring to the Statistics Lithuania.

Their combined first-half revenue increased by 11.7% from a year ago to almost 42 bln euros. 

In the second quarter alone, non-financial companies' sales and service revenue totaled 22 bln euros, up by 10.5% quarter-on-quarter and up by 11.9% year-on-year.

Second-quarter pretax earnings reached nearly 2 bln euros, of which 638 mln euros, or 32%, came from financial and investment activities. 

Some 61.4% of all companies operated at a profit in the second quarter, down by 0.8 percentage points from a year ago, but up by 6 points from a quarter ago. 


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