LT: Baltika revenues up by 16% y/y in Lithuania in November.

By bne IntelliNews December 6, 2010
Estonian apparel retail company Baltika recorded total revenues of LTL 4.1mn (EUR 1.2mn) in Lithuania in November, which indicates increase of 16% y/y. Viktorija Krolyte, head of Baltika Lietuva, indicated that the company has optimised its operations and closed 5 underperforming shops. In Jan-Sep period the company recorded LTL 24.4mn of revenues, which indicates 22% y/y decline. Overall Baltika group revenues in recorded LTL 17.1mn of revenues, up by 8% y/y. In Jan-Nov period the coverall group's revenues stood at LTL 163.1mn, down by 9% y/y.

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