LUG forecasts 41% increase in net profit in 2012
28 March 2012
LUG S.A. continues to bring positive information. The forecast for the year 2012 published by the Management Board is a proof that the company is in good condition and foreshadows further increases. The net profit will benefit from the biggest increase in the amount of 41% and it is predicted to amount to PLN 4.62 million in 2012.
The year 2012 will be another subsequent year of record results for the LUG S.A. Capital Group. A few weeks ago, the Management Board informed about fulfilling the financial forecasts for 2011 with excess; now, they announce the plan to surpass those levels in 2012. According to the data published in the forecast prepared in conformity to IFRS/IAS, the LUG S.A. Capital Group plans to achieve PLN 106.54 million of sales revenue and PLN 4.62 million net profit. Planned EBIT and EBITDA levels in 2012 are, respectively, PLN 5.80 million and PLN 9.28 million. This means a positive increase in all forecasted items of the profits and losses account.