On 4 April 2008, the Board of RST decided to approve a consolidated annual
report and audited financial statements of the Company and of the Group for the
year 2007, prepared according to International Financial Reporting Standards,
and submit them to the Ordinary General Meeting of Shareholders.
In 2007, the Company's revenue made up LTL 1070.6 mln (EUR 310.32 mln), pre-tax
profit - LTL 91.3 mln (EUR 26.46 mln), net profit - LTL 72.8 mln (EUR 21.1
mln).
In 2007, the Group's revenue totalled LTL 1068 mln (EUR 309.57 mln), pre-tax
profit - LTL 93.8 mln (EUR 27.19 mln), net profit - LTL 74.3 mln (EUR 21.54
mln).
The Company's and Group's audited pre-tax profit in 2007 grew by LTL 49.1 mln
(EUR 14.23 mln) and net profit increased by LTL 41.8 mln (EUR12.12 mln) as
compared with the Group's preliminary net profit of LTL 32.5 mln (EUR 9.42 mln)
and pre-tax profit of LTL 39.1 mln (EUR 11.34 mln) reported on 26 February
2008. The main reason for the increase in profit was the decision of the
Company's Board to include an increase in the value of long-term tangible
assets as of 31 December 2007 in the balance sheet. Revaluation of assets
determined a 1.4-fold increase in the value of the Company's long-term tangible
assets from LTL 2.43 bln (EUR 0.7 bln) to LTL 3.48 bln (EUR 1 bln). The
increase in the value of assets after revaluation facilitated partial
offsetting of negative asset revaluation results recorded in 2004.
The Company's Board suggests the General Meeting of Shareholders to allocate
LTL 12.3 mln (EUR 3.57 mln) of the Company's 2007 profit available for
appropriation for paying dividends, i.e. LTL 0.025 (EUR 0.007) dividends per
share.
From 7 April 2008, the shareholders will be able to familiarise themselves with
documents related to the agenda of the meeting on the Company's website at
www.rst.lt and on the website of Vilnius Stock Exchange at
www.baltic.omxgroup.com.
Artur Grigorian
Senior specialist of the Assets Management Division
(+370-5) 251 2638
