Referring to the unaudited data, the group of one of the largest construction
companies in the country, Panevėžio statybos trestas (PST), was on the income
of 258 mln. Litas (74.7 mln. EUR) for the first half of this year - this was
lower by 8 % in comparison with the same period last year and made the before
tax profit in the amount of the 13.5 mln. Litas (3.9 mln EUR). This is 1.6
times lower in comparison with January through September 2007 when the before
tax profit amounted to 22 mln. Litas (6.4 mln. EUR).
For the first half of the year 2008 the PST Group had no income from the real
estate development activities whereas the sales of the first quarter of the
year 2007 were significantly increased by the income from the real estate sales
which had conditioned higher net profitability for the first quarter of 2007.
In the year 2008 the management is planning to reach the consolidated turnover
amounting to 530 mln. Litas and net profit amounting to 23 mln Litas.
For more information contact:
Dalė Bernotaitienė
Finace Director
Panevėžio statybos trestas AB
Phone: (+370 45) 505 507