Apranga Net Income Doubles in First 9 Months on Higher Sales

Apranga AB, the biggest Baltic clothing retailer, said profit more than doubled from a year earlier in the first nine months of 2011.

Net income jumped to 14.82 million litai ($5.9 million) from 6.02 million litai in the year-earlier period, the company, based in the capital, Vilnius, said today in a statement to the stock exchange. Sales grew 11.2 percent to 239.33 million litai, 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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