Three-fourths, or 24 of 32 Lithuanian companies listed on the NASDAQ OMX Vilnius Stock Exchange and the Warsaw Stock Exchange, recorded a profit in the first half of this year, which totalled 489.45 million litas (EUR 141.8m) in aggregate, the central Bank of Lithuania says in its latest review of the results of issuer operations.

The number of profit-making listed companies increased by 20 percent year-on-year, from 20 entities in the first half of 2012. The aggregate profit soared by 42 percent.

The number of loss-making companies decreased to 8, from 12 in the first half of 2012, and their combined losses contracted by 63 percent to 22.76 million litas.

Combined revenues of listed companies totaled 6.63 billion litas in January through June, down by 1 percent from the same period last year. Their total profit soared by an annual 65 percent to 466.69 million litas.

Nearly three fourths, or 71.9 percent, of listed companies improved their net result in the first half of this year from a year ago, i.e. increased earnings, reduced or reversed losses.

The review excludes commercial banks listing their securities on the stock exchange as well as Linas Agro Group, which runs its business year from July 1.

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