83,2 million PLN of revenue after 11 months of the year

The year 2011 will go down in the LUG S.A. company's history as another record year in terms of sales revenue. According to initial estimations, in the period of January – November 2011 the company achieved a consolidated revenue of 83,2 million PLN.

According to the current report published today, the consolidated revenue of the LUG S.A. Capital Group for the past 11 months of 2011 reached 83,2 million PLN which is 21 percent higher compared to the revenue value for that period of 2010 (68,9 million PLN).

By the end of Q3' of this year, the LUG S.A. Group achieved a revenue of 64,73 million PLN with a net profit of 2,36 million PLN. This means that in September the manufacturer achieved a 20 million PLN revenue. This hike of revenue value is the result of the illumination industry’s season based dynamic:

- „The final quarter of the year is usually the most busy period due to the cycle of the construction industry, most of the investments find themselves in the final phase of execution. It is then, that the illumination contracts, which we worked very intensely on, sometimes for the whole year, or longer, are finalized.” – says Ryszard Wtorkowski, LUG S.A. Management Board Chairman.

LUG S.A. estimates, that at the end of November this year it carried out 93 percent of the financial revenue prognosis. There are still 6,5 million PLN left to the complete fulfillment of the submitted prognosis, and the Group plans to achieve that sum in December.

- „We are currently finalizing the last contracts, and from the initial estimations it can be ascertained, that the foretold revenue might be achieved with a surplus of a few percent. The realization of the remaining prognoses of selected positions in the profit and loss account is not in any kind of danger. However, concrete financial data will be made available in our periodic report for the fourth quarter of 2011.” – says Ryszard Wtorkowski.