ELKO Grupa
Reference to the interview of ELKO Grupa AS president Egons Mednis published in LETA on January 18, 2010.
ELKO Grupa / 18.01.2010 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- In response to questions of LETA, ELKO Grupa AS president Egons Mednis provided information about the company's operations last year and now, about the actions made and about products, specifically mentioning the following important information about ELKO Grupa: 1) overall last year turnover of ELKO Grupa AS comparing with the year 2008 have fallen by about 40%. But mentioning, that the precise information about last year financial results will be provided as soon as operational financial data will be summarised. 2) the total costs of the company have been reduced by about 15-20%, while the number of employees by about 10%. 3) the Russian market brings nearly two-thirds of ELKO Grupa incomes. ELKO Grupa AS News Source: NASDAQ OMX 18.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: ELKO Grupa Latvia Phone: Fax: E-mail: Internet: ISIN: LV0000800589 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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