The TOP 500 list of Lithuanian companies by revenues generated in the first three quarters of 2010 was announced by Verslo Zinios business daily on 25 January. Six top positions on the list have not changed since 2009.
Orlen Lietuva, former Mazeikiu Nafta oil refinery is topping the list with 10.68 billion LTL (EUR 3.09 b up 37 per cent), in January-September 2010 revenues, followed by Vilniaus Prekyba (6.084 billion LTL, EUR1.76 b down by 10 per cent), the owner of grocery chain Maxima and other companies.
Maxima group, which is owned by Vilniaus Prekyba was third (5.366 billion LTL EUR 1.55 b, down by 8.7 per cent ), leaving Achemos Grupe in the fourth place (1.757 billion LTL, EUR 0.5 b down by 27 per cent), and was followed by Palink, the owner of grocery chain Iki (1.515 billion, EUR 0.43 b, almost unchanged). Lukoil Baltija remained in the sixth place.
The banks, unlike in the previous year, have not made it to the top. The SEB Bankas made it to 17 th place followed by the Swedbankas. The greates changes on the list took place due to the shutdown of Ignalina Nuclear Power Plant, since its former share of the market was divided between the companies Inter RAO Lietuva, Lietuvos Dujos and Lietuvos Elektrine, Verslo Zinios noted. For instance, in terms of turnover, Inter RAO Lietuva climbed by more than 100 positions taking, 32 nd place in 2011, up from 138 place in 2010, increasing its revenue by 510 per cent.