OREANDA-NEWS. October 3, 2011. The retail turnover (including VAT) of the leader of retail apparel market in Lithuania and the Baltic States Apranga Group has made LTL 41.6 million (EUR 12.1 million) in September 2011, and has increased 9.6% in comparison to September
2010.

The retail turnover (including VAT) of Apranga Group has made LTL 301.9 million (EUR 87.4 million) in January through September 2011 or by 11.3% more than in 2010.

In January through September 2011 the retail turnover of Apranga Group in Lithuania was LTL 191.6 million (EUR 55.5 million), and increased 10.0% year-on-year.

In the nine months of 2011 the retail turnover of Apranga Group in Latvia has made LTL 70.4 million (EUR 20.4 million), and increased 9.5% year-on-year.

In the nine months of 2011 the retail turnover of Apranga Group in Estonia has made LTL 39.9 million (EUR 11.6 million), and increased 21.8% year-on-year.

Currently Apranga Group operates the chain of 120 stores covering an area of 64.2 thousand sq. m. The stores area decreased by 0.9% during the year.

From 2010 Summer Apranga Group has essentially upgraded the moderate chain development program.

During the nine months of 2011 Apranga Group opened 8, reconstructed 4 and closed 2 stores. Investments reached LTL 6.2 million (EUR 1.8 million).

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