{"id":2590,"date":"2021-09-17T12:50:43","date_gmt":"2021-09-17T12:50:43","guid":{"rendered":"https:\/\/www.ktgrupe.lt\/?p=2590"},"modified":"2021-09-17T12:51:48","modified_gmt":"2021-09-17T12:51:48","slug":"the-authorized-capital-of-companies-is-being-increased","status":"publish","type":"post","link":"https:\/\/www.ktgrupe.lt\/en\/the-authorized-capital-of-companies-is-being-increased\/","title":{"rendered":"The authorized capital of companies is being increased"},"content":{"rendered":"

By the decision of KTG, the authorized capital of Klaip\u0117dos konteineri\u0173 terminalas (Klaipeda container terminal), JSC is increased by 4.2 million euros up to 10 million euros, Malk\u0173 \u012flankos terminalas, JSC – by 2.5 million euros up to 3 million euros.\u00a0 The authorized capital of cargo terminals has been increased by distributing the profits of the terminals.<\/p>\n

In total, since the beginning of 2021, KTG has allocated 8.7 million euros to increase the authorized capital of its subsidiaries. (on the day before the last day of 2020, the authorised capital of the subsidiary Seia JSC was increased by 2 million euros).<\/p>\n

\u201cDiversified operations of terminals and the ability to handle different cargoes are one of the main advantages of KTG, which helps to maintain stable growth of cargo handling results over the last five years. This year was completed the implementation of the Klaip\u0117da container terminal 40 million euros investment program in new cargo handling equipment and infrastructure. We financed most of these investments through debt instruments. The aim of this step, when planning business development, as well as next year\u2019s investments and the sources for their financing, is to ensure sufficient equity ratios in advance\u201d says Vytautas Pikturna, CFO of KT grup\u0117.<\/p>\n

Despite the pandemic and the global economic slowdown, the total cargo turnover of KTG operated terminals in 2020 grew by almost 4 percent when compared to 2019, and exceeded 7 million tons of various cargoes. The consolidated group\u2019s revenue in 2020 increased by 7 percent, when compared to 2019, and exceeded 45 million euros.<\/p>\n

The capital increase is focused on the consistent development of terminals.<\/p>\n","protected":false},"excerpt":{"rendered":"

Klaip\u0117da terminal group increased the authorized capital of cargo terminals that it controls by 6.3 million Eur<\/p>\n","protected":false},"author":1,"featured_media":2714,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-2590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-grupes-istorija-en"],"acf":[],"yoast_head":"\nThe authorized capital of companies is being increased - Klaip\u0117dos terminalo grup\u0117<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ktgrupe.lt\/en\/the-authorized-capital-of-companies-is-being-increased\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The authorized capital of companies is being increased - 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