Ekspress Grupp Reports First-Quarter Net Income as Sales Rise

AS Ekspress Grupp, the only publicly traded Baltic media company, reported a first-quarter profit as the company increased efficiency and sales grew.

Net income totaled 1.39 million euros ($2.02 million), compared with a net loss of 768,000 in the same period last year, the Tallinn-based company said in a statement to the stock exchange today. Sales grew an annual 13 percent to 13.15 million euros, it said.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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