Turnover by Vilniaus Baldai up 5.4% in January-March 2005
05. Lithuanian Vilniaus Baldai increased turnover 5.4% to LTL 23.9 million ($64.3 million) in January-March 2005 compared to January-March 2004.
Apr 06, 2005. /Lesprom Network/. Lithuanian Vilniaus Baldai increased turnover 5.4% to LTL 23.9 million ($64.3 million) in January-March 2005 compared to January-March 2004.
According to Vilniaus Baldai chief finansist Vigantas Didgiulis, sales increased both due to the growth of exports and sales on the interior market. 1Q sales on the interior market increased almost 45%.
The company intends to increase production capacities 50% in 2 years and reach sales of LTL 150 million ($405.4 million) in 2006.
Lithuanian Invalda investment company owns 66.72% of Vilniaus Baldai