Panevezio Statybos Trestas AB - Interim information

Unaudited Performance Results of Panevėžio statybos trestas AB and the Group for the First Half of 2012

Referring to the unaudited data, during six months of this year Panevėžio
statybos trestas AB (PST) Group was on the income of 111.4 mln. Litas (32.3
Euros), that is by 12.2 percents more than last year. The first half of the
year 2012 was loss-making for the Group. The before tax loss for the six months
of the year amounted to 5.6 mln. Litas (1.6 mln. Euros). The company was on the
income of 102.3 mln. Litas (29.7 Euros) and made before tax profit in the
amount of 0.89 mln. Litas (0.258 mln. Euros) for the first half of the year. 

The loss of the Group was conditioned by the additional expenses born by the
subsidiary company Baltlitstroj OOO in Kaliningrad related to the project
acceptance and maintenance costs of the real estate development company. 

In addition to that, increasing prices for fuel and building materials
(referring to the data provided by the Department of Statistics, the yearly
increase in prices of concrete and reinforced concrete products was 6.7
percents, that of concrete and mixes - 7.4 percents, metal - 4 percents, common
building materials - 5.2 percents) did not allow the parent company to get the
planned profit in Lithuania and partially compensate the loss incurred in
Russia. 





For more information contact:

Dalė Bernotaitienė

Finance Director

Panevėžio statybos trestas AB

Phone: (+370 45) 505 507

Attachments:

2012 I pusm. PST ataskaita En.pdf