The Baltics Today

Net profit of Lithuanian state-owned enterprises grows by 25% in 9 months

Governance and Coordination Centre announced preliminary unaudited data of state-owned enterprise (SOE) portfolio for the first nine months of 2013. Normalized net profit of SOEs increased by 25.1% to LTL 451.4 (EUR 130.7 million) in nine months of 2013 year-on-year. Return on equity in late September stood at 2.8%, while in late 2012 it was 2.4%, informs LETA/ELTA.... Read more...

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