In 2003 Lithuanian Companies Had 5 Times Bigger Profits Than in 2002
Published:
16 May 2003 y., Friday
According to preliminary data, in 2003 Lithuanian companies earned 5-fold profits compared to 2002. Pharmaceutical, ITT, oil extracting and service providing firms were most profitable.
According to the preliminary calculations of the Department of Statistics, last year profits of Lithuanian companies reached EUR 20.5 billion. 58% of Lithuanian companies were profitable.
In 2002 the profitability rate of the Lithuanian economy (ratio of profit/loss before taxes and income from goods/services sold) grew to 3.8%, compared to 0.7% in 2001 and 0.4% in 2000. 58% of Lithuanian companies were profitable.
Service providers increased their profits 4-fold and earned EUR 257 million, the processing industry was also very successful with EUR 251 million profit earned. As usual, producers of food and beverages were also profitable.
The biggest return on capital was in ITT (28%) and oil extracting (25%) companies, as well as in the wholesale (21%), construction (19.7%) and publishing (18.4%) sectors.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Today, the Commission published a Communication which outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions.
more »
The European Commission has opened a formal investigation under EU state aid rules to examine a number of support measures, including several capital injections and shareholder loans, that the Hungarian authorities granted to Malév-Hungarian Airlines in the context of its privatisation and subsequent renationalisation.
more »
Internet and lax customs enforcement drive growth of 600 billion US dollar counterfeit goods industry.
more »
350 million people rose out of poverty in the past decade, but 1.4 billion are still extremely poor, says the latest report into rural poverty.
more »
New plan sets out action to reach 75% employment target for the EU by 2020.
more »
Research Ministers of the EU Member States and Associated Countries, together with the European Commission, are announcing in Brussels today three new pan–European energy research infrastructures.
more »
Algirdas Šemeta, Commissioner for Taxation, Customs, Audit and Anti-fraud, is visiting Moscow today to discuss ways in which customs cooperation between the EU and Russia can be reinforced.
more »
Following on from Monday's debate with ECB President Jean-Claude Trichet, MEPs on Tuesday adopted a resolution, by a show of hands, gauging the ECB's performance in 2009 and suggesting actions to be taken in view of the economic situation.
more »
The European Parliament today approved €10.5 million in European Globalisation Adjustment Fund aid to over 3,000 people in the Netherlands who lost their printing and publishing sector jobs last year, due to the economic crisis.
more »
A diamond-studded gold coin engraved with a picture of the Taj Mahal and worth 100,000 euros is unveiled at the Paris mint.
more »