Lithuania, Markets and Companies, Woodwork

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 14:43

Grigeo Grigiskes posts 45% fall in Q1 net profit

BC, Vilnius, 10.05.2016.Print version
Lithuania's hardboard and toilet paper production group Grigeo Grigiskes saw its first-quarter condolidated net profits slump down by 45.3% to 1.195 million euros, from 2.186 million euros a year ago, informs LETA/BNS.

Consolidated sales revenue edged up by 1.3% year-on-year to 25.972 million euros, Grigeo Grigiskes said in its first-quarter performance report.

 

The group's first-quarter EBITDA dropped by 12.9% to 4.115 million euros and the EBITDA margin was down to 15.8%, from 18.4% a year ago.

 

The company's shares are quoted on the blue-chip Main List of the Nasdaq Vilnius stock exchange.






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