Apranga First-Half Profit Almost Doubles on Higher Revenue

Apranga AB (APG1L), the biggest clothing retailer in the Baltic states, said profit almost doubled in the first half from the same period a year earlier.

Net income rose to 12.34 million litai ($4.42 million), from 6.4 million litai in the first six months of 2011, the Vilnius-based company said in a statement to the stock exchange today. Sales grew 26 percent, to 180.26 million litai.

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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