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
In its first meeting in 2010, the Gas Coordination Group, under the chairmanship of the Commission, has focused today on the assessment of the situation on security of gas supply in the EU-27 and countries of the Energy Community and discussed priorities for the work of the Group in 2010.
more »
Luc Van den Brande, President of the EU Committee of the Regions (CoR), has used his first meeting with the President of the European Council, Herman Van Rompuy, to underline the importance of consultation between local, regional and national authorities.
more »
Basile Nkwesi, Directeur Commercial of Multiprint, speaks for dozens of frustrated business managers in this busy enterprise center when he talks about Cameroon’s costly and unreliable electricity.
more »
During 2009, over 2400 new corporate clients, whose total number currently exceeds 16 thousand, began using Bank SNORAS services.
more »
In 2009, the European Investment Bank (EIB) provided EUR 2.5 billion in 16 credit lines for financing the investment projects of SMEs (EUR 1 955 million) and local authorities (545 million) in Spain.
more »
In 2009, the number of counterfeit euro coins removed from circulation was 172 100, down from 195 900 the year before.
more »
Haiti began participating in the International Monetary Fund’s General Data Dissemination System on December 28, 2009, marking a major step forward in the development of its statistical system.
more »
According to the data of NASDAQ OMX Vilnius Stock Exchange, the price of Bank SNORAS registered ordinary shares grew by more than 2.5 times.
more »
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Cadbury PLC of the UK by Kraft Foods Inc. of the US by way of public offer.
more »
Statistics Lithuania informs that construction input prices inNovember 2009, against October, dropped by 0.5 percent.
more »