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2009-10-16 08:00:00 CEST 2009-10-16 08:00:05 CEST REGULATED INFORMATION TEO LT, AB - Interim informationTEO LT, AB Consolidated Interim Financial Statements for 9 months of 2009On 15 October 2009, the Board of TEO LT, AB (hereinafter - “TEO” or “the Company”) approved unaudited TEO LT, AB Consolidated Interim Financial Statements, prepared according to International Financial Reporting Standards as adopted by the European Union, for the nine months period ended 30 September 2009. The total consolidated TEO Group's revenue for the nine months of 2009 was LTL 618 million (EUR 179 million), an increase by 0.2 per cent over the total revenue of LTL 616 million (EUR 178 million) for the nine months of 2008. EBITDA for the nine months of 2009 increased by 2.1 per cent to LTL 279 million (EUR 81 million) over LTL 274 million (EUR 79 million) for the nine months of 2008. EBITDA margin also increased up to 45.2 per cent (44.4 per cent in 2008). Profit before income tax in the nine months of 2009 was up by 13.5 per cent and amounted to LTL 172 million (EUR 50 million) (LTL 151 million (EUR 44 million) a year ago). Profit for the period amounted to LTL 134 million (EUR 39 million), an increase by 3.7 per cent over LTL 129 million (EUR 37 million) a year ago. Management's comment on financial results for the first nine months of 2009: “TEO LT, AB revenue for the nine months of 2009 amounted to LTL 618 million and exceeded the revenue for the same period in 2008 by 0.2 per cent. At the same time, the Company's operating expenses decreased by 0.7 per cent. This allowed TEO to secure its EBITDA margin. The Company continued to pursue its strategic focus on investments into next generation networks which would allow Lithuania to stay competitive in the broadband infrastructure area for the next few decades”. ENCL.: - TEO LT, AB Consolidated Interim Financial Statements for the nine months period ended 30 September 2009 - TEO LT, AB presentation of results for 9 months of 2009 Darius Džiaugys, Head of Information Sector, tel. +370 5 236 7878 |
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