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