In 2003 Lithuanian Companies Had 5 Times Bigger Profits Than in 2002
Published:
16 May 2003 y., Friday
According to preliminary data, in 2003 Lithuanian companies earned 5-fold profits compared to 2002. Pharmaceutical, ITT, oil extracting and service providing firms were most profitable.
According to the preliminary calculations of the Department of Statistics, last year profits of Lithuanian companies reached EUR 20.5 billion. 58% of Lithuanian companies were profitable.
In 2002 the profitability rate of the Lithuanian economy (ratio of profit/loss before taxes and income from goods/services sold) grew to 3.8%, compared to 0.7% in 2001 and 0.4% in 2000. 58% of Lithuanian companies were profitable.
Service providers increased their profits 4-fold and earned EUR 257 million, the processing industry was also very successful with EUR 251 million profit earned. As usual, producers of food and beverages were also profitable.
The biggest return on capital was in ITT (28%) and oil extracting (25%) companies, as well as in the wholesale (21%), construction (19.7%) and publishing (18.4%) sectors.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
According to Spain's Minister of Industry, Tourism and Trade, Miguel Sebastián, currently chairing an Informal Energy Council today in Seville, the key to achieving a common EU energy market is to establish interconnections.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), announced today that the Fund will provide US$100 million very rapidly in emergency financing to Haiti to assist it in dealing with the aftermath of the massive and devastating earthquake that has hit the country.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement on Jamaica today.
more »
The Government of the Republic of Korea and the International Monetary Fund (IMF) announced today that they will jointly host a high-level international conference on Asia in Seoul, South Korea, during July 12-13, 2010.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will travel to Tokyo and Hong Kong SAR, January 18−20, 2010.
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
The Meeting is convened on the initiative and by the resolution of the Management Board of the Bank.
more »
Today, Thursday, on the second and last day of their informal meeting in La Granja (Segovia), the ministers responsible for European Affairs will study the challenge of how to boost reflation through sustainable growth that generates new employment.
more »
How well-equipped are European companies to meet the challenges of global competition and the recent recession? The 2009 European Company Survey provides some clues.
more »
The European Commission decided today not to raise any objections to Finland's plan to support infrastructure investments in Vaasa regional airport.
more »