Panevezio Statybos Trestas AB - Interim information

Performance Results for 2010

Panevėžys, Lietuva, 2011-02-28 14:28 CET (GLOBE NEWSWIRE) -- Referring to the
unaudited data, in 2010 the Group of Panevėžio statybos trestas AB (PST) was on
the income of 200.1 mln. Litas (58 mln. EUR), that is by 8.4 per cent more than
last year and made before tax profit in the amount of 19.1 mln. Litas (5.5 mln.
EUR), while last year the Group of PST AB suffered before tax loss of 12.5 mln.
Litas (3.6 mln EUR). The company of PST was on the income of 168.5 mln. Litas
(48.8 mln. EUR) and made before tax profit amounting 11.2 mln. Litas (3.3 mln.
EUR). 

“The parent company was on the income of the last year level and cohesion of
the team allowed us achieving better result compared to the last year. However,
in the fourth quarter we suffered loss due to completion costs in a few large
sites and annual evaluation”, says the Finance Director Dalė Bernotaitienė. 

Panevėžio statybos trestas AB is one of the largest construction companies in
Lithuania. The company is certified in accordance with the requirements of
international quality, environmental, occupational health and safety management
systems. In the year 2007 PST won the National Quality Award for the company
policy and strategy, and also management, control of processes and resources,
satisfaction of customers', consumers' and employees' needs, etc. 

PST was awarded the medals of Product of the Year for the construction of
Sports Arena in Šiauliai in 2007, Combined Cycle Power Plant in Panevėžys in
2008 and Panevėžys Multifunctional Sports Arena CIDO ARENA in 2009. 


         For more information contact:
         Dalė Bernotaitienė
         Finance Director
         Panevėžio statybos trestas AB
         Tel.: +370 45 505 507

Attachments:

PST tarpine 2010 ataskaita eng.pdf