Unaudited Performance Results of Panevėžio statybos trestas AB Company and Group for the Year 2013

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| Source: Panevezio Statybos Trestas
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Referring to the unaudited preliminary data, during the year 2013 Panevėžio statybos trestas AB (PST) Group was on the income of 294.7 mln. Litas (85.35 mln. EUR), that is by 1.8 per cents less than last year and had the profit before taxation in the amount of 1.151 mln. Litas (0.333 mln. EUR). Last year the profit before taxation was 6.6 mln. Litas (1.9 mln. EUR).

Based on the preliminary data the PST Company had the profit before taxation in the amount of 0.519 mln. Litas (0.150 mln. EUR) and was on the income of 202.9 mln. Litas (58.8 mln. EUR).  

Drop in the exchange rate of the Russian Rouble had a significant negative effect on the results of both – Company and Group of Panevėžio statybos trestas AB. For this reason the loss of the Group in financial activities related to the change in the exchange rate amounted to 6.6 mln. Litas.

The data provided for the Company and Group of Panevėžio statybos trestas AB may be subject to changes depending on the results of the real estate project valuation carried out by the independent property valuers. The project is managed by the Russian company Baltevromarket ZAO ISK. The valuation should be completed and its results will be reflected in the financial statements published before the audited financial statements.

 

For more information contact:

Dalius Gesevičius

Managing Director

Panevėžio statybos trestas AB

Phone: (+370 45) 505 503