Akmenes Cementas posts solid upturn in revenue

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Lithuania: Akmenes Cementas, Lithuania's only cement manufacturer, posted Euro47.5m in revenue for the nine months from 1 January 2011 to 30 September 2011, a rise of 38% from Euro37.8m litas in the same period of 2010. Its cement sales increased by 23% to 743,000t and production output was up by 21% to 740,000t, according to the company's public relations officer Richardas Sudaris.

Its sales in the Russian exclave of Kaliningrad rose by 21% to 133,000t and sales in Belarus were up by 8.6% to 63,000t but sales in Latvia remained weak, at a mere 1000t. Exports to other EU countries almost doubled, increasing to 144,000t.

Last modified on 22 November 2011

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