Apranga Group Announces Turnover in June 2011
OREANDA-NEWS. July 01, 2011. The retail turnover (including VAT) of the leader of retail apparel market in Lithuania and the Baltic States Apranga Group has made LTL 31.4 million (EUR 9.1 million) in June 2011, and has increased 19.2% in comparison to June 2010.
The retail turnover (including VAT) of Apranga Group has made LTL 94.5 million (EUR 27.4 million) in 2nd quarter 2011 or by 15.6% more than in 2010. In 1st quarter 2011 the retail turnover of Apranga Group increased by 8.3% comparing to the same previous year period.
The retail turnover (including VAT) of Apranga Group has made LTL 180.8 million (EUR 52.4 million) in January through June 2011 or 12.0% more than in 2010.
In January through June 2011 the retail turnover of Apranga Group in Lithuania was LTL 115.5 million (EUR 33.5 million), and increased 9.2% year-on-year.
In 1st half 2011 the retail turnover of Apranga Group in Latvia has made LTL 42.0 million (EUR 12.2 million), and increased 11.6% year-on-year.
In 1st half 2011 the retail turnover of Apranga Group in Estonia has made LTL 23.3 million (EUR 6.7 million), and increased 28.8% year-on-year.
Currently Apranga Group operates the chain of 116 stores covering an area of 63.3 thousand sq. m. The stores area was reduced by 2.1% during the year.
During the six months of 2011 Apranga Group opened 4, reconstructed 2 and closed 2 outlet stores. Apranga Group is planning to open 3 new stores and fully reconstruct 2 stores during 3rd quarter 2011.
Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.
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