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Lithuania's Baltic Champs pays EUR 4.8 mln in dividend to shareholder Auga Group

  • 2017-12-11
  • LETA/TBT Staff

VILNIUS – Baltic Champs, a Lithuanian mushroom growing and trade company indirectly controlled by businessman Kestutis Juscius, this year paid 4.8 million euros in interim dividend to its shareholder, ecologic product producer Auga Group.

According to a report submitted to the Center of Registers, the companies divided a total of 4.909 million euros in divided profits, allocating 4.8 million euros for dividend and leaving the rest undivided.

Over the first eight months of 2017, the company netted a profit of 11,100 euros against revenue of 17.3 million euros, as compared to 816,300 euros in net profit and 17.669 million euros in revenue in January-June last year.

Auga Group said that its profits jumped by a factor of 9.4 to 7.338 million euros in the first three quarters year-on-year, while revenue went up by 30 percent to 36.585 million euros.

Baltic Champs Group, which is operated by Juscius, owns a 88.13-percent stake in Auga Group, which is quoted on the Secondary List of the Nasdaq Vilnius stock exchange and on the Warsaw stock exchange.