AUGA group, AB (code 126264360, address: Konstitucijos ave. 21C, Vilnius) ordinary shareholders meeting, which took place on 28 April 2017, approved consolidated annual financial statements of AUGA group, AB for the year 2016.
Management comment:
Certain financial results indicators under audited financial reports for the year 2016 are better than those under unaudited financial report for the year 2016, which were announced on 28 February 2017, i.e.:
- audited net income of the Company for the year 2016 amounted to EUR 2.1 million (compared to EUR 1.1 million unaudited net income for 2016).
- EBITDA for the twelve months of 2016 was EUR 9.6 million (compared to EUR 9.2 million under unaudited financial statements for 2016);
Improvement in EBITDA and net income resulted mostly due to the reversal of some earlier made provisions and accruing of additional deferred tax asset.
Audited consolidated financial debt amounted to EUR 32 million as at 31 December 2016 and was in line with the announced unaudited financial report for 2016. Audited revenue of AUGA group, AB for the year 2016 amounted to EUR 39.6 million and is almost unchanged from EUR 40.1 unaudited revenue announced on 28 February 2017.
Attached:
- Consolidated annual financial statements for the year 2016 and consolidated annual report of the Company. Independent Auditor’s report.
- Confirmation of responsible persons.
General Manager
Linas Bulzgys
+370 5 233 5340
