The Baltic States' largest linen textile producer, Linas, today announced an unaudited loss of 4.2m lits ($1.6m) for the first eight months of this year, compared with a net profit of 3.6m litas for the same period last year.

The company, which exports around 90 per cent of its products, reported a loss of 487,600 litas for August, an improvement on the 665,000 litas loss reported for the same period in the previous year.

But there was some good news for the troubled firm, which is based in the central Lithuanian town of Panevezysas, as monthly sales in August rose to 4.42m litas from 2.42m litas last year.

Total sales for January-August 2001 reached 45.1m litas, down from 48.9m litas for the same period in 2000.

To view related research reports, please follow the links below:-

World Textile Fibers to 2003

World Textile Chemicals to 2004