Good for Business, Lithuania, Markets and Companies, Retail

The retail turnover (including VAT) of Apranga Group has made 118.2 million litas in the second quarter 2012, or by 25.1% more than in 2011. In the first quarter 2012, the retail turnover of Apranga Group increased by 25.4% comparing to the same previous year period, writes LETA/ELTA.

The retail turnover (including value-added tax, VAT) of Apranga Group has made 226.4 million litas in January through June 2012 or 25.2% more than in 2011.

In January through June 2012, retail turnover of Apranga Group in Lithuania was 144.7 million litas, and increased 25.2%, year-on-year.

In the first half of 2012, the retail turnover of Apranga Group in Latvia made up 54.3 million litas, and increased 29.5%, year-on-year.

In the first half of 2012, the retail turnover of Apranga Group in Estonia totaled 27.4 million litas, and increased 17.8%, year-on-year.

Currently Apranga Group operates the chain of 124 stores covering an area of 64.9 thousand square meters.

The stores area increased by 2.6% during the year.

During the six months of 2012 Apranga Group opened six, reconstructed six, and closed three stores due to the end of their lease agreements and non-viability. Apranga Group will open ten new stores and fully reconstruct three stores during August-September 2012.

Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.