LT: Lithuanian enterprises revenues up by 21.6% y/y in Q4.

By bne IntelliNews March 18, 2011
Lithuanian enterprises revenues amounted to LTL 46.3bn (EUR 13.4bn) in Q4, which indicates increase of 21.6% y/y, Statistics Lithuania announced. In q/q terms revenues increased by 8.9% q/q in Q4. Lithuanian enterprises recorded LTL 1.4bn net profit in Q4, which indicates 24.4% q/q decline, yet in Q4/09 the aggregate result was negative. Average profitability in Q4 amounted to 3.1%, down by 1.3pp q/q and up by 11.3pp y/y. 54.5% of all the companies operated profitably in Q4. In 2010 total enterprises revenues amounted to LTL 161.8bn, which indicates increase by 9% y/y. In 2010 the enterprises recorded aggregated net profit of LTL 5.3bn, up from net loss of LTL 1.8bn in 2009.
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