Vilniaus Baldai to pay dividends of LTL 3.886 million
5. Vilniaus Baldai shareholders (Lithuania) decided to pay dividends of LTL 3.886 million ($10.5 million) or LTL 1 ($0.37) per share at LTL 4 ($10.8) par value.
Apr 26, 2005. /Lesprom Network/. Vilniaus Baldai shareholders (Lithuania) decided to pay dividends of LTL 3.886 million ($10.5 million) or LTL 1 ($0.37) per share at LTL 4 ($10.8) par value.
In 2004 the enterprise reported profits of LTL 8.234 million ($22.3 million).
LTL 180 thousand will be allocated from the bonus ($486.5 thousand).
In 2004 sales reached LTL 100.47 million ($272 million).
In 2005 the company intends to increase sales 20% to LTL 120 million ($324.3 million) and earn LTL 12 million ($32.4 million) profits.
Lithuanian Invalda investment company owns 66.72% of Vilniaus Baldai.