In order to mitigate the consequences of the economic crisis by launching a
chain restructuring and optimization Apranga Group has closed 13 stores and 6
stores reorganized into the new concept stores during 2009. Due to chain
restructuring and optimization Apranga Group has experienced single losses of
stores closure - LTL 10.8 million (EUR 3.1 million) in 2009. Single losses of
store closure were LTL 10.1 million (EUR 2.9 million) in fourth quarter 2009.
Including single losses of store closure Apranga Group has suffered an
unaudited loss before taxes of LTL 19.8 million (EUR 5.7 million) in 2009.
Apranga Group has suffered an unaudited loss before taxes of LTL 6.2 million
(EUR 1.8 million) in fourth quarter 2009. When eliminated the single losses of
store closure, Apranga Group has earned an unaudited ordinary profit before
taxes of LTL 3.9 million (EUR 1.1 million) in fourth quarter 2009.
The consolidated interim financial statements for 12 months 2009 of Apranga
Group, as well as managers' confirmation letter are ready for acquaintance (see
attachments). The interim information is also available at
www.apranga.lt/investuotojams.
Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock
Exchange. Majority shareholder of Apranga Group is concern MG Baltic.
Rimantas Perveneckas
Apranga Group Director General
+370 5 2390801
