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Thursday, 18.04.2024, 01:28
Lithuanian Grigiskes to increase dividends in 2014
After the approval of ordinary annual general meeting of shareholders it would be distributed for dividends and paid almost 7 cents of LTL per share, which would be equal to 2 cents of EUR per share. It would be the biggest dividends per share over the last 11 years paid by company.
It is planned that the Group that consists of companies Grigiskes AB, Baltwood UAB, Klaipedos Kartonas AB, Mena Pak PAT and Klaipeda Recycling UAB in the year 2015 will reach a turnover of LTL 385 million (EUR 111.5 million), which will be by LTL 25 million (EUR 7.2 million) or 7% higher than the expected turnover of 2014. The Group's profit before taxes will reach LTL 27 million (EUR 7.8 million) and will be by LTL 7 million (EUR 2 million) or 35% higher than it is expected for the year 2014. It is also planned that EBITDA of the Group will reach LTL 60 million (EUR 17.4 million) in 2015.
It is planned that Grigiskes AB in the year 2015 will reach a turnover of LTL 210 million (EUR 60.8 million) and will be by LTL 40 million (EUR 11.6 million) or 23.5% higher than it is expected for the year 2014. The company will earn a profit before taxes of LTL 11 million (EUR 3.2 million) which will be by LTL 3.5 million (EUR 1 million) higher than it is announced for the year 2014. It is also planned that EBITDA of Grigiskes AB will reach LTL 32 million (EUR 9.3 million.) in 2015.