In the fourth quarter alone, revenues of Vilnius-listed companies increased by 11 percent, year-on-year, to 4.135 billion litas. Also, they posted 131.9 million litas in combined net earnings reversing the year-earlier aggregate loss of 59.8 million litas.
“In 2012, the net profit margin of listed companies rose to 4.1 percent, from 3.9 percent in 2011. Some companies achieved record profit margins last year,” Andrejus Rodionovas, an analyst with Swedbank, told the daily.
On the other hand, this year the companies should feel downward pressure on their profit margins as a result of growth in wages and other costs, he said adding that the growth of revenues should slow down as well.
This year, the companies should finally embark on making investments in tangible assets, which would have positive effects on their financial performance in the long run, the analyst said.
