At the presentation of the results of state-owned enterprises, Prime Minister Algirdas Butkevicius said that he was happy with the outcome and stated that it is important to continue improving state-owned company management to ensure that qualified and competent people are in control. He suggested taking example from Scandinavian state-owned enterprises, where their results are similar to private sector.
Minister of Economy Evaldas Gustas said that in the nearest future special attention will be devoted to ensure transparency and efficiency of the companies.
In 2012 the best results were recorded by companies operating in the transport sector – Lithuanian Railways and Klaipeda State Seaport Authority earning EUR 37.4 million (LTL 129 million) and EUR 25.8 million (LTL 89 million) respectively. Lithuanian Railways improved its indicators when it started offering additional services such as wagon rent.
Last year Ignalina Nuclear Power Plant and Visaginas NPP improved their results the most. Combined net profit of the companies was EUR 28.9 million (LTL 100 million), even though they had EUR 29.5 million (LTL 102 million) loss in the earlier period.
Because of roundwood price drop, State Forest income fell by 9.3%. In addition, State Forests did not manage to decrease operating costs and their efficiency declined.
21 of 59 state-owned enterprises engaged in commercial activity (except State Forests) managed to fulfil the annual return rate set at 5% by the Government. 31 of 34 non-commercial state-owned enterprises achieved the goal to operate profitably.
In 2012 state-owned enterprises suffered a loss of EUR 9.1 million (LTL 31.5 million) as a result of bankruptcies of the banks Ukio Bankas and Bank Snoras.
