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Grigeo Baltwood delivers slightly higher profits

29.11.2018 − 

Lithuanian Grigeo Baltwood, which is part of the AB Grigeo group, faced another decrease in its revenues and a minor improvement in its earnings in the third quarter of 2018. Consolidated revenues were about 8% lower than last year at €3.6m . This result was also below the levels posted for the first quarter (€4.2m) and second quarter (€3.7m). On the other hand, gross earnings improved slightly to €0.6m . Between January and September combined, revenues had been slightly lower than last year at €11.5m and gross earnings were largely unchanged at €1.7m .

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