AB „SNAIGĖ“ - NASDAQ OMX Baltic

Consolidated annual report for year 2008
Consolidated unaudited results for first half year 2007:
Revenue and other operating income: LTL 180.4 million (EUR 52.25 million),
Loss before tax: LTL -0.88 mln. (EUR - 0.25 million),
Net loss: LTL -1.26 mln. (EUR -0.36 million),
EBITDA: LTL 11.0 million (EUR 3.2 million).
The decrease of the consolidated profit of AB “Snaigė“ was mostly determined by the increase in prices of
raw materials and energetic resources. The decrease of the exchange rate of USD had some impact as well.
Considerable part - 25 % - of our production we export to Ukraine and payments are in USD. However,
financial results of the II quarter and rising sales in the main markets let us think in optimistic way: sales in
Ukraine increased by 33%, in other Eastern Europe countries - 34%. In Russia sales increased even four
times. In the II quarter of 2007 company reached non-audited profit before taxes of LTL 1.7 million , thus
increased by LTL 1.37 mill. in comparison with the same period last year then non-audited profit before
taxes was LTL 320 000.
28 May 2007. Financial statements for the I quarter 2007. Presenting the intermediate consolidated unaudited
financial statements for the I quarter of the year 2007.
25 May 2007. Due to interest of investors. Once potential investors express interest in the company, the
audit of operational and financial activities is carried out and meetings between top management and
investors are initiated.
25 May 2007. On prospectus for 2006. The company's prospectus for the year 2006 has been submitted to
Securities Commission and Vilnius Stock Exchange.
27 April 2007. Consolidated unaudited results for first garter of the year 2007.
Revenue and other operating income: LTL 73.34 million (EUR 21.24 million),
Loss before tax: LTL -2.57 mln. (EUR -0.74 million),
Net loss: LTL -3.80 mln. (EUR -1.1 million),
EBITDA: LTL 3.33 million (EUR 0.97 million)
Unaudited turnover of the Company has increased by 20 million LTL in the first quarter of 2007 to
compare with same period of last year. The company operates more successful than it was planned in the
business plan and expects to achieve planned consolidated EBITDA of LTL 32 million.
April 26, 2007. Decisions of annual general meeting:
The annual general meeting of shareholders held on April 26th in 2007 passed the following decision
1. To approve the annual report on the company‘s activities for the year 2006.
2. To take in to consideration for shareholders auditor‘s conclusion while voting regarding approval of
company‘s yearly financial statements.
3. To approve company‘s financial statements for year 2006.
4. To approve distribution of company‘s profit for the year 2006.
Retained earnings at the beginning of the year -LTL 55 772 622 (EUR 16 152 868).
Net profit for year 2006 is LTL 10 659 081 Lt (EUR 3 087 083).
Transfers from reserves - LTL 26 899 000 (EUR 7 790 489).
Prepared by UAB FMĮ „Orion Securities“ p. 93