Panevezio Statybos Trestas - Interim information

Unaudited Performance Results of Panevėžio statybos trestas AB and the Group for 2014

Referring to the unaudited preliminary data, in the year 2014 Panevėžio
statybos trestas AB (PST) Group was on the income of 364.1 mln. Litas (105.45
mln. Euros), i.e. by 23.6 per cents more than in 2013 and had the loss before
taxation in the amount of 12.63 mln. Litas (3.66 mln. Euros). Drop in the
exchange rate of the Russian Rouble had a significant negative effect on the
results and for this reason the loss incurred by the Group in financial
operations amounted to 25.4 mln. Litas (7.4 mln. Euros). From the typical
operations the Group had the profit in the amount of 13 mln. Litas (3.76 mln.
Euros), i.e. 2.2 times more compared to 5.9 mln. Litas (1.7 mln. Euros) in
2013. 

Based on the unaudited preliminary data, the PST Company had the profit before
taxation in the amount of 5.28 mln. Litas (1.53 mln. Euros), i.e. 10 times more
compared to 0.5 mln. Litas (0.15 mln. Euros) in 2013, and was on the income of
253 mln. Litas (73.3 mln. Euros), i.e. by 24.7 per cents more than in 2013. The
Company had the profit in the amount of 12.5 mln. Litas (3.6 mln. Euros) from
the typical (construction) operations, whereas in 2013 the profit from the
construction operations amounted to only 0.065 mln. Litas (0.018 Euros).
Valuation of financial assets (Russian company Baltevromarket ZAO ISK) - 6.6
mln. Litas (1.9 mln. Euros) and drop in the exchange rate of the Russian Rouble
- 4 mln. Litas (1.15 mln. Euros) had a negative effect on the results of the
Company. Furthermore, in the year 2014 the previously evaluated doubtful debt
has been retrieved, thus significantly reducing the operating expenses and
having a positive effect on the results of the year. 



For more information contact:

Dalius Gesevičius

Managing Director

Phone: (+370 45) 505 503

Viðhengi:

2014 1-12 men. ataskaita EN.pdf