Bloomberg News

Apranga Sales Jump 23% in Year, Shares Rise Most in 2 Months

May 02, 2012

Apranga AB, the biggest Baltic clothing retailer, said sales in April rose 23 percent from the same period last year.

Revenue grew to 38.2 million litai ($14.6 million) in April, the company in Vilnius said in a statement to the stock exchange today. Four-month sales through April increased 25 percent in year, it said.

Shares (APG1L) of Apranga rose as much as 4.2 percent to 1.945 euros ($2.57), the biggest one-day increase since March 5. The stock traded up 2.9 percent at 1.93 euros at 12:23 p.m. in Vilnius. Apranga rose 33 percent this year, marking the third- biggest increase on the OMX Nasdaq Vilnius (VILSE) stock exchange.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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