Increase of the net result by 184,7 %

We already know the results of the LUG S.A. Capital Group for the III quarter of 2011. The company earned a 22,78 million PLN income and 1,55 million PLN of net profit on a consolidated level. In relation to the same period of the previous year this means a respective increase of 15,6 and 184,7 %.

On a cumulative basis the Consolidated results of the LUG S.A. Capital Group following III quarters of the year show an increase in income by approximately 20 % to the level of 64,73 million PLN. At the same time the consolidated net profit more than tripled and reached a level of 2,36 million PLN.

 “The good results which we are able to share today are most of all due to the consequent execution of the foreign expansion strategy and bold steps which facilitate the development of the entire LUG S.A. Group. Moreover, in the II, as well as III quarter of this year we experienced a high dynamic growth of construction and installation production. The policy of continuous cost optimization and the work we constantly put in the development of our product range is also apparent on the economic index level” – sais Ryszard Wtorkowski, Chairman of the LUG S.A. Board

 The capital group’s operational profitability in the III quarter increased to 9,17 % ant the EBITDA profitability increased to 12,45 %. All the while on a cumulative basis the same respective indexes reached a level of 5,19 and 7,66 %.

 “We still have th IV quarter ahead of us, which in our industry is usually very intense and generates the highest demand. I believe that we will be able to share very good results while publishing the report for the upcoming quarter of 2011, and our prognoses remain unthreatened” – sais Wtorkowski.

Please read into our quarterly reports:

The consolidated report of LUG S.A. capital group for the 3rd quarter of 2011 (pl)

The individual report of LUG S.A. for the 3rd quarter of 2011 (pl)