Lithuania's state firms raise H1 profits by 19 to EUR 137.5 mln y-o-y
2016-10-23, 10:46
Published in
Economy
Photo by M. Paluskevic
Lithuania's state-run companies posted 137.499 mln euros in an aggregate normalized profit (net profit excluding property and commodity taxes payable to the state) in January through September 2016, up by 18.9%, from 115.602 mln euros, from the same period of 2015. Sales revenues of 123 companies grew by 3.8% y-o-y to 1.273 bln euros, reads a report published by the Coordination Center of State-Owned Companies. The EBITDA of state-owned companies soared by an annual 26.7% to 312.587 mln euros, while the EBITDA margin widened by 4.8 points to 24.5%. As of late June, the state owned 123 companies with a staff of nearly 40,700 people (42,100 in late June of 2015).
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