Lug Spólka Akcyjna reported consolidated earnings results for the first quarter of 2014. For the quarter, the company reported that revenue increased by 18.52% exceeding PLN 26.36 million. This increase resulted both from the increase in export sales (+21.55% year on year) as well as positive dynamics of revenues generated on the Polish market (+15.12% year on year).

The profit on operating activities in the first quarter of 2014 amounted to PLN 0.91333 million and was higher by 38.46% than in the same period of 2013. Simultaneously, EBITDA increased from PLN 1.43867 million in the first quarter of 2013 to PLN 1.70957 million in the first quarter of 2014. The net result was doubled year on year.

Net profit in the first quarter of 2014 amounted to PLN 0.70275 million and was higher by 115.01% than in the first quarter of 2013. It resulted from improved profitability of sales and lower financial costs.