Vilnius, 2016-07-27 06:50 CEST (GLOBE NEWSWIRE) -- First half-year 2016 revenues reached EUR 667 thousand and, compared to first half-year of 2015, grew by 8 percent.
In the first half-year of 2016 EBITDA amounted to EUR 365 thousand and, compared to the first half-year of 2015 (329 thousand), increased by 11 percent. EBITDA margin increased to 55 percent.
Earnings before tax (EBT) comprised EUR 292 thousand (a 10% year over year increase).
During first half of 2016 AB K2 LT has conducted 1 953 cremations. This is 14 percent more than during the same period in 2014 (1 714 cremations).
It is expected that in 2016 revenues will reach EUR 1.2 million with net profit of EUR 520 thousand.
Vytenis Labanauskas
CEO
vytenis@krematoriumai.lt
