2012-03-27
In the fourth quarter of 2011, the net profit of one company stood out among the results of issuers
Eighteen companies, whose securities are allowed to be traded in regulated markets, with the exception of banks, earned the net profit of LTL 593.9 million in the fourth quarter last year, i.e. 185 per cent more than nineteen companies that operated profitably in the same period of 2010. Thirteen companies incurred the loss of LTL 153.6 million in the fourth quarter of the previous year; it increased by 51 per cent, compared to 2010, when ten companies incurred a loss.
Twenty one companies ended 2011 with a profit. According to the statements not yet verified by auditors, they earned the net profit of LTL 1.19 billion (22 companies operated profitably in 2010); the net profit increased by 59 per cent. Ten companies ended 2011 with a loss (7 in 2010). These companies incurred the net loss of LTL 169.1 million, which increased by 3 per cent, compared to 2010.
The most significant contribution to the net profit growth in the fourth quarter of 2011 was made by the net profit earned by one company – AB “Sanitas”. This company earned the profit of LTL 473.3 million and LTL 448.9 million, respectively, in the fourth quarter of 2011 and in 2011. If the result of one-off transactions of AB “Sanitas” is eliminated and only the profit earned by this company from its main activity is included, according to unaudited data, all issuers earned the net profit of LTL 612.3 million in 2011, or 7 per cent more than in 2010.
In the fourth quarter of 2011, compared to the same period of 2010, the revenue of companies increased by 30 per cent and made up LTL 3.5 billion, whereas their costs increased by 29 per cent and made up LTL 2.66 billion. In 2011, the revenue of companies went up by 40 per cent and amounted to LTL 12.9 billion.
The significant growth of company revenues and costs, compared to the results of 2010, was determined by the fact that the comparative data do not include AB LESTO and LITGRID AB data for the fourth quarter of 2010 and for 2010. If the data of these companies for 2011 are excluded, the revenue of all companies increased in the fourth quarter of 2011 and in 2011 by 5 per cent and 11 per cent and made up LTL 2.8 billion and 10.3 billion respectively, whereas their costs increased by 7 per cent and 13 per cent and made up LTL 2.2 billion and LTL 7.8 billion respectively.
The issuers that improved their net result in the fourth quarter of 2011 include all companies of main materials and health care sectors, most companies in industrial production sector and one or several companies from almost all other sectors.
More detailed review of the financial results of issuers for the fourth quarter of 2011 is available on the Bank of Lithuania website. The review presents consolidated financial data of 31 companies for 2011.