OREANDA-NEWS. February 26, 2010. The unaudited consolidated net sales of the leader of retail apparel market in Lithuania and the Baltic States Apranga Group has made LTL  314.9 million (EUR 91.2 million) in 2009, or 24.8% less than a year ago.

In order to mitigate the consequences of the economic crisis by launching a chain restructuring and optimization Apranga Group has closed 13 stores and 6 stores reorganized into the new concept stores during 2009. Due to chain restructuring and optimization Apranga Group has experienced single losses of stores closure - LTL 10.8 million (EUR 3.1 million) in 2009. Single losses of store closure were LTL 10.1 million (EUR 2.9 million) in fourth quarter 2009.

Including single losses of store closure Apranga Group has suffered an unaudited loss before taxes of LTL 19.8 million (EUR 5.7 million) in 2009.

Apranga Group has suffered an unaudited loss before taxes of LTL 6.2 million (EUR 1.8 million) in fourth quarter 2009. When eliminated the single losses of store closure, Apranga Group has earned an unaudited ordinary profit before taxes of LTL 3.9 million (EUR 1.1 million) in fourth quarter 2009.

The consolidated interim financial statements for 12 months 2009 of Apranga Group, as well as managers' confirmation letter are ready for acquaintance (see attachments). The interim information is also available at www.apranga.lt/investuotojams.

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