Vilniaus Baldai ups Q1 revenue by 10%
2017-12-21, 12:06
Published in
Economy
REUTERS Scanpix / Regis Duvignau
Vilniaus Baldai, one of Lithuania's largest furniture manufacturers, posted 17.639 million euros in revenue in the first quarter of the financial year 2017, up by 9.9%, from 16.043 million euros, in September-November of 2016. The company's net profit jumped by 66.7% to 1.445 million euros, Vilniaus Baldai said in a message via the Nasdaq Vilnius stock exchange. The company's earnings before taxes, interest, amortization and depreciation (EBITDA) soared by 54% to 2.079 million euros year-on-year. Vilniaus Baldai is 86-percent owned by Invalda Privatus Kapitalas.
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