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International Internet Magazine. Baltic States news & analytics Sunday, 22.09.2019, 03:25

Lithuania's Theca Furniture to pay out EUR 2 mln in dividends to Danish owners

BC, Vilnius, 12.09.2019.Print version
The Danish-owned Kaunas-based Lithuanian furniture producer Theca Furniture posted 58.1 mln euros in revenue last year, up 12.4% from 51.6 mln euros a year ago, reported LETA/BNS.

Its net profit rose 34% to 3.37 mln euros, according to it financial report submitted to the Lithuanian Center of Registers.

Theca Furniture plans to pay 2 mln euros in dividends to it sole Danish owner Theca, after spending 1.8 mln euros on dividends a year ago.

Theca Furniture had 780 employees at the end of last year, up from 773 a year ago.

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