AB Utenos Trikotazas Reports Earnings Results for the Second Quarter Ended June 30, 2020

Utenos Trikotazas AB is a Lithuania-based company engaged in the textile industry. The Company operates in three segments: production of knitted articles; production of working clothes, and retail in knitted articles. Products include women’s and men’s wear and undergarments and eco-friendly clothing. The production cycle is composed of knitting, dyeing, finishing, cutting, sewing, inspection and packaging. The Company’s sewing lines produce numerous items of knitwear products. The Company distributes its products within Lithuania, the Baltic States, as well as Western Europe and other regions. As of December 31, 2011, the Company’s major shareholder was Koncernas SBA UAB with a stake of 51.12%.