According to the data of the first quarter of 2011, a group of companies Avia Solutions Group (ASG) revenue increased 37 percent to 74.9 mln. LTL, compared with the same period in 2010 year. At the same time profit increased by 76 percent till 3.1 mln. LTL. This allows to increase ASG annual profit, which was 18,6 mln. LTL last year.
Good financial results of first quarter of the group of companies providing aviation services contributed to the implementation of the ambitious plans at the Warsaw Stock Exchange – ASG recently became the first Lithuanian company, entered into one of the largest Central and East Europe region exchanges.
Company‘s revenue had been steadily increasing all 2010 year. During the last quarter of the 2010, compared with the same period year ago, ASG increased its revenue by 54 percent to 81.9 mln LTL., while total Avia Solutions Group revenue had increased 30 percent to 304 mln.LTL in 2010.