OREANDA-NEWS. September 02, 2011. Over the six months of 2011 the Group which consists of producing companies Grigiskes AB, Baltwood UAB, Klaipedos kartonas AB and Mena Pak reached a tunover of LTL 154.9 Mio (EUR 44.9 Mio), which is by LTL 51.4 Mio (EUR 14.9 Mio) or 49.7 % higher than it was reached over the same period of 2010.

The Group’s profit before taxes reached LTL 4.5 Mio (EUR 1.3 Mio) and is by LTL 1.5 Mio (EUR 0.4 Mio) lower that it was over the same period of 2010.

Over the six months of 2011 the Grigiskes AB reached a tunover of LTL 81.2 Mio (EUR 23.5 Mio), which is by LTL 22.6 Mio (EUR 6.5 Mio) or 38.6 % higher than it was reached over the same period of 2010.

The Company’s profit before taxes reached LTL 3.1 Mio (EUR 0.9 Mio) and is by LTL 2.0 Mio (EUR 0.6 Mio) higher that it was over the same period of 2010.

More information is provided in the interim consolidated report of GRIGISKES AB covering the six months of 2011 with endorsement of the responsible persons (see attachments).

On the 21st of December 2010 proclaimed forecast of financial indicators for the year 2011 of Grigiskes AB and the Group shall not be amended and shall remain valid. It should be noted that this forecast was not audited. Furthermore, as it was indicated in the prospectus of Grigiskes AB, approved by the Securities Commission on 16 May 2011, the forecast being considered was prepared not for the purposes of private placing of shares of the company and/ or of admission of them to the regulated market.