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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.