In 2009 the Group which consists of Grigiskes AB and daughter
enterprise
Baltwood UAB and fulfilled the objectives set and achieved a profit
growth
forecast. The Group reached a turnover of LTL 118,9 mln. (EUR 34,4
mln.) and
earned a profit of LTL 3,3 mln. (EUR 0,96 mln.) before taxes. 
JSC
Grigiskes reached a turnover of LTL 109,7 mln. (EUR 31,8 mln.) and earned
a
profit of LTL 3,7 mln. (EUR 1,1 mln.) before taxes. 
In complicated year
2009 the successful operation results of the Group were
reached due to special
attention payed to a sanitary and domestic paper
production and marketing.

The past year has been extremely useful in cooperation with
Scandinavian
partners. Grigiskes AB won the major Danish company contest of
toilet paper and
paper towels produce. We are glad that today the “Grite”
products can be bought
not only in the Baltic countries but also in Sweden,
Poland, Germany, Belarus
and Russia. 


Gintautas Pangonis
General
Director
(+370-5) 243 58 01