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International Internet Magazine. Baltic States news & analytics Tuesday, 19.03.2019, 08:19

Lithuania's Akmenes Cementas expects smaller losses this year

BC, Vilnius, 10.08.2018.Print version
Lithuania's sole cement producer Akmenes Cementas hopes to sell more cement this year and cut losses, reports LETA/BNS.

The company suffered a net loss of 5.462 mln euros last year, down 21.7% from 6.977 mln euros a year earlier, according to its 2017 financial report to the Lithuanian Center of Registers informed LETA/BNS.

Turnover grew 11% to 56.660 mln euros, and the company sold 1.042 mln tons of cement, which is 4% more than in 2016.

Akmenes Cementas sold 58% of its produce on the local market, and exported 35% to the EU and 7% to Belarus.

The company hopes to increase cement sales and to half its losses.

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