Operational results for the first half of 2014


The unaudited results for the first half of 2014 of Limarko laivininkystes kompanija AB (LLK) were prepared in accordance with the International Financial Reporting Standards.

The revenue of LLK for the first six months of 2014 amounted to LTL 22.6 million (EUR 6.5 million) and decreased by 5% when compared to the revenue of LTL 23.9 million (EUR 6.6 million) during the first six months of 2013.

EBITDA for the first half of 2014 was LTL 8.1 million (EUR 2.3 million). EBITDA for the first six months of 2013 was LTL 8.9 million (EUR 2.6 million).

The profit of LLK for the first six months of 2014 was LTL 2.2 million (EUR 0.6 million). The profit of LLK for the first six months of 2013 was LTL 1.0 million (EUR 0.3 million).

During the first six months of 2014 the increase of the exchange rate of the US Dollar resulted in LTL 1.0 million (EUR 0.3 million) loss from currency exchange rate change. During the first six months of 2013 the increase of the exchange rate of the US Dollar resulted in LTL 2.1 million (EUR 0.6 million) loss from currency exchange rate change.

         Steponas Ranonis
         Head of Operations Department
         Acting Executive Director
         Tel. +370 (46) 340001