TEO LT, AB - Interim information

Consolidated Interim Financial Statements and Consolidated Interim Report for six months of 2009

On 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.

Attachments:

2009_6_months_presentation.pdf

2009_6_months_financial_statements.pdf

2009_6_months_consolidated_report.pdf