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International Internet Magazine. Baltic States news & analytics Saturday, 20.04.2024, 13:13

Lithuanian City Service records EUR 97 mln in consolidated revenue

BC, Vilnius, 29.08.2014.Print version
Lithuanian AB City Service has announced its unaudited Consolidated Interim Financial Statements for the six months of 2014, prepared according to International Financial Reporting Standards, and Consolidated Interim Report for the six months of 2014, informs LETA/ELTA.

The total consolidated revenue from continued operations of City Service for the six months of 2014 was LTL 335.1 million (EUR 97.1 million), a 31% rise to the total revenue of LTL 255.6 million (EUR 74.0 million) from continued operations for the six months of 2013.

 

EBITDA from continued operations for six months of 2014 was LTL 23.1 million (EUR 6.7 million), an increase by 14% over LTL 20.3 million (EUR 5.9 million) a year ago from continued operations. Net profit from continued operations for the period amounted to LTL 13.6 million (EUR 3.9 million), an increase by 49% over LTL 9.1 million (EUR 2.6 million) from continued operations a year ago.

 

Active sales and increasing operations efficiency have contributed to group's results during first half of this year in all major markets. In the nearest future our main task is reorganization and efficiency improvement of activities in Spain, stated Jonas Janukenas, General Director of AB City Service.






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