LUG generates profits again!
09 August 2010
LUG has generated over 19,2 mln PLN of sales incomes and 47 thousands PLN of net profit in the 2ndQ 2010 LUG, comparing to 14,5 mln PLN of sales incomes and a net loss of 634 thousands PLN for a parallel period of 2009.
„For entire 2009 we have generated the income of 63,4 mln PLN and a net loss of 2,43 mln PLN. The year 2010, however, is a year of profitability return. The two first quarters of this year were closed with a positive financial result. In the 2ndQ of this year, there has been achieved a net profit of 47 thousands PLN, comparing with a loss of 634 thousands PLN for 2009. The incomes have been rising, what is mainly a result of export activity. Since the beginning of this year, we’ve managed to maintain over 50% of export share in the total sales. Comparing with 2009 – the export sales was 33% of the total incomes. The concrete advantages are being noticed by the end of 2009 thanks to the implementation of the „10% Business Improvement” Optimization Program. We have gained the overall incomes at 35 066 thousands PLN and a net profit 130,51 thousands PLN" – says Mr. Ryszard Wtorkowski, the President of the LUG S.A. Board of Directors.
„For entire 2009 we have generated the income of 63,4 mln PLN and a net loss of 2,43 mln PLN. The year 2010, however, is a year of profitability return. The two first quarters of this year were closed with a positive financial result. In the 2ndQ of this year, there has been achieved a net profit of 47 thousands PLN, comparing with a loss of 634 thousands PLN for 2009. The incomes have been rising, what is mainly a result of export activity. Since the beginning of this year, we’ve managed to maintain over 50% of export share in the total sales. Comparing with 2009 – the export sales was 33% of the total incomes. The concrete advantages are being noticed by the end of 2009 thanks to the implementation of the „10% Business Improvement” Optimization Program. We have gained the overall incomes at 35 066 thousands PLN and a net profit 130,51 thousands PLN" – says Mr. Ryszard Wtorkowski, the President of the LUG S.A. Board of Directors.
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