LITHUANIA: Retailer Apranga's Profit Up 19 Per Cent
Lithuania's largest garment wholesale and retail company, Apranga, saw turnover grow by 19 per cent in the first eleven months of this year, to 55.2 million litas ($13.8m).
Marketing director Gintaras Bingelis told the Baltic News Service that Apranga earned an unaudited net profit of 0.102m litas in the first nine months of this year.
The Vilnius-based retailer, which operates a chain of 16 stores, expects net profit to be 19 per cent than last year at 3 million litas on a turnover of 63 million litas.
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