Lietuvos Juru Laivininkyste
Interim information

CORRECTION: PC "Lithuanian shipping company" activity results and interim financial statements for the three month 2013

Revised first quarter report is attached

Klaipeda, Lithuania, 2013-05-17 14:48 CEST --  

Activity results of the first three months of 2013.

On 15^th May, 2013 the Board of PC “Lithuanian Shipping Company” (LSC) has confirmed unaudited interim financial reports prepared according to the International Financial Reporting Standards for the period of first three months of year 2013, ended on 31^st March, 2013.

The income during January-March, 2013 was LTL 25.6 million (EUR 7.4 million) and, if compared to the same months of 2012 income of LTL 18.1 million (EUR 5.2 million), has increased by 41%.

EBITDA during January-March, 2013 was LTL 1.9 million (EUR 0.5 million) and, if compared  to the same months of 2012 EBITDA of LTL 1.6 million (EUR 0.5 million), has increased by 19%.

The loss during January-March, 2013 was LTL 5.2 million (EUR 1.5 million). The loss of the same months of 2012 was LTL 1.0 million (EUR 0.3 million). Increased loss is mainly related to negative impact of currency exchange (non-monetary item) – LTL 2.4 million (EUR 0.9 million).

LSC long-term investments (ships’ repairs) during January-March, 2013 were LTL 3.0 million (EUR 0.9 million) and, if compared to the same months of 2012 have increased by LTL 2.9 million (EUR 0.9 million).

Attachment:

LSC interim financial statements for the first three months ended on 31^st March, 2013.

Arvydas Stropus

Chief accountant

Ph.: (+37046)393126