The annual report for 2010 has been published!

LUG S.A. recorded a net profit of over 1,56 mln PLN in 2010 at the level of the capital group, compared to the 2,35 mln PLN loss in the previous year. The income of the LUG S.A. group amounted to 81,2 mln PLN in 2010 and was higher by 37% compared to income in 2009.

- „High financial results, which we recorded in 2010, are caused by the successfully introduced optimization of costs and production processes. It was clearly visible in the second half of 2010. The net profit in the third quarter increased by 982 percent (up to 509 thousand PLN) compared to the second quarter and in the fourth quarter the profit increased by another 416 thousand PLN. The improving market situation, thanks to which we can increase our sales volume and enter into new markets with our offer, also helps in recording such results. It also should result in even better results of the LUG group in 2011, and foremost, it should also help in sustaining such dynamic growth in the company’s profitability.” – says Ryszard Wtorkowski, CEO of LUG S.A.

Pleas read our annual reports in the Periodic reports section.