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2009-07-21 08:00:00 CEST 2009-07-21 08:00:06 CEST REGULATED INFORMATION This message has been corrected. Click here to view the corrected message TEO LT, AB - Interim informationConsolidated Interim Financial Statements and Consolidated Interim Report for six months of 2009On 20 June 2009, the Board of TEO LT, AB (hereinafter - “TEO” or “the Company”) unaudited TEO LT, AB Consolidated Interim Financial Statements, prepared according to International Financial Reporting Standards as adopted by the European Union, and Consolidated Interim Report for the six months period ended 30 June 2009. The total consolidated TEO Group's revenue for the first six months of 2009 was LTL 409 million (EUR 118 million), a decline by 0.8 per cent over the total revenue of LTL 412 million (EUR 119 million) for the first six months of 2008. EBITDA for the first half of 2009 increased by 1.7 per cent to LTL 190 million (EUR 55 million) over LTL 187 million (EUR 54 million) for the first six months of 2008. EBITDA margin also increased up to 46.5 per cent (45.3 per cent in 2008). Profit before income tax in the first six months of 2009 was up by 13.5 per cent and amounted to LTL 118 million (EUR 34 million) (LTL 104 million (EUR 30 million) a year ago). Profit for the period amounted to LTL 92 million (EUR 27 million), an increase by 2.9 per cent over LTL 89 million (EUR 26 million) a year ago. Over the year, the profit margin increased from 21.7 per cent to 22.5 per cent. Management's comment on financial results for the first six months of 2009: “TEO LT, AB continues to produce good results despite extended uncertainty in the economy. The Company's revenue stayed the same for six months of 2009 compared to the same period in 2008 (excluding one-time projects). The Company implemented the cost control measures which allowed to maintain their bottom line. Switchover to the new-generation network technology was taking pace and helped the Company to retain its customers. TEO was further increasing the quality of its services. We believe that the Company has strong future perspectives”. ENCL.: TEO LT, AB Consolidated Interim Financial Statements and Consolidated Interim Report for the six months period ended 30 June 2009 and presentation of results for the six months of 2009. Darius Džiaugys, Head of Information Sector, tel. +370 5 236 78 78. |
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