Vilniaus Degtine AB Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
August 31, 2015 at 03:26 pm EDT
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Vilniaus Degtine AB reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the six months, the company reported sales revenue of EUR 26,969,701 compared to EUR 25,969,837 a year ago. Results from operating activities were EUR 544,266 compared to EUR 287,139 a year ago. Profit before tax was EUR 553,295 compared to EUR 240,716 a year ago. Profit for the period was EUR 518,653 compared to EUR 198,359 a year ago. Basic and diluted earnings per share were EUR 0.02 against EUR 0.01 a year ago. Net cash flow from operating activities was EUR 2,241,004 compared to EUR 404,647 a year ago. Acquisition of property, plant and equipment was EUR 1,458,748 compared to EUR 72,983 a year ago. Acquisition of intangible non-current assets was EUR 48,665 against EUR 10,902 a year ago. EBITDA was EUR 1,033,655 compared to EUR 781,228 a year ago. EBIT was EUR 544,266 compared to EUR 287,139 a year ago. Return on equity was 0.045% against 0.019% a year ago. Return on assets was 0.024% against 0.012% a year ago.
For the quarter, the company reported sales revenue of EUR 13,368,577 compared to EUR 13,035,388 a year ago. Results from operating activities were EUR 373,103 compared to EUR 162,442 a year ago. Profit before tax was EUR 377,039 compared to EUR 137,188 a year ago. Profit for the period was EUR 362,156 compared to EUR 114,041 a year ago. Basic and diluted earnings per share were EUR 0.01 against EUR 0.00 a year ago.
Vilniaus Degtine AB (Vilniaus degtine JSC) is a Lithuania-based company that specializes in the production and sale of alcoholic and soft drinks. The Company is primarily involved in the production of alcohol beverages, such as vodka, bitter, liqueurs, brandy, flavored vodka, gin, Scottish whisky, wine, alcoholic cocktails and other alcohol beverages. The facilities for alcohol beverage production are located in Vilnius. Spirit production facilities are located at the Company's subsidiary in Rokiskis district. The Company produces under such brand names as Shotka, Gediminas, Karvedys, Sobieski, Sobieski Superior, Bajoru, Dama and Trollberry among others. The Company exports its products to the European Union, as well as others countries. As of December 31, 2011, the Company's major shareholder was Sobieski Sp Z O.O. with a stake of 68.29%.