Budget, Financial Services, Lithuania, Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 23.04.2014, 12:49

State-owned enterprises portfolio's sales in Lithuania have grown up to 4% in 2011

Danuta Pavilenene, BC, Vilnius, 28.12.2011.Print version
On Wednesday, Lithuanian government received an interim state-owned enterprises report of past nine moths of 2011. It shows that the enterprises were able to perform their activities more efficiently, reduced their expenditures, improved profitability results and paid larger contributions to the budget.

On the whole, state-owned enterprises portfolio's sales have grown up to 4% – LTL 5.1 billion (LTL 1.5 billion). The net profit has increased almost twice – from LTL 189 million (EUR 54.7) to LTL 326 million (EUR 94.4 million), writes LETA/ELTA.

 

Growing economy and increasing efficiency of enterprises' activities have conditioned the improvement of the results.






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