Lithuania’s Akmene cement lifts Jan-Aug revenue to €44m

Lithuania’s Akmene cement lifts Jan-Aug revenue to €44m
19 September 2007


Lithuania’s only cement manufacturer Akmenes Cementas on Tuesday reported 151.2 million litas (EUR 43.83 mln) in sales revenue for the first eight months of this year, a rise of 38 percent from 109.4 million litas a year earlier. Akmenes Cementas CEO Virginija Berezniak attributed the revenue growth to rising cement sales in Lithuania. She said cement sales in the domestic market rose by 10.4 percent year-on-year to 688,600 tons. Sales in Latvia for January-August soared by 50 percent year-on-year to 81,000 tons.

However, exports to the neighboring market have been on the decline in recent months, Berezniak told BNS. Akmenes Cementas posted a net profit of 25.1 million litas for the full year 2006, on revenue of 188.04 million litas. The cement plant is located in Naujoji Akmene, in northwestern Lithuania.
Published under Cement News