Limarko Laivininkystes Kompanija
Operational results for the first half of 2013
Limarko Laivininkystes Kompanija AB 23.07.2013 16:24 --------------------------------------------------------------------------- The unaudited results for the first half of 2013 of Limarko laivininkystes kompanija AB (LLK) were prepared in accordance with the International Financial Reporting Standards. The revenue of LLK for the first six months of 2013 amounted to LTL 23.9 million (EUR 6.9 million) and decreased by 20% when compared to the revenue of LTL 29.9 million (EUR 8.7 million) during the first six months of 2012. EBITDA for the first half of 2013 was LTL 8.9 million (EUR 2.6 million). EBITDA for the first six months of 2012 was LTL 8.7 million (EUR 2.5 million). The profit of LLK for the first six months of 2013 was LTL 1.0 million (EUR 0.3 million). The loss of LLK for the first six months of 2012 was LTL 21.8 million (EUR 6.3 million). At the beginning of the year the freight level in reefer cargo market was higher when compared to 2012. However, the freight rates decreased in mid-May due to seasonality in the market, which results in lower freight rates during summer-autumn season. It is forecasted that the off-seasonal correction will be deeper this year due to declining banana trade (due to political and weather conditions in Latin America, which is world's largest banana supplier), as well as continuing sharp competition with container lines. Dry-docking of two vessels is planned for the third quarter of 2013. Mindaugas Petrauskas Executive Director Tel. +370 (46) 340001 ext. 713 News Source: NASDAQ OMX 23.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Limarko Laivininkystes Kompanija AB Lithuania Phone: Fax: E-mail: Internet: ISIN: LT0000119646 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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