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2011-08-31 17:49:42 CEST 2011-08-31 17:50:47 CEST REGULATED INFORMATION City Service AB - Interim informationCity Service consolidated results for the six months of 2011Vilnius, Lithuania, 2011-08-31 17:49 CEST (GLOBE NEWSWIRE) -- AB City Service announces its unaudited Consolidated Interim Financial Statements for the six months of 2011, prepared according to International Financial Reporting Standards, and Consolidated Interim Report for the six months of 2010. The total consolidated City Service revenue for the six months of 2011 was LTL 268 million (EUR 77.6 million), including LTL 168 million (EUR 48.7 million) in foreign markets. This makes an 2 % increase over the total revenue of LTL 264 million (EUR 76 million) for the six months of 2010. Net profit for the period amounted to LTL 11 million (EUR 3.2 million), an increase by 12 % over LTL 9.8 million (EUR 2.8 million) a year ago. EBITDA for six months of 2011 was LTL 19.6 million (EUR 5.7 million), an increase by 17 % over LTL 16.7 million (EUR 4.8 million) a year ago. City Service group operates in Lithuania, Russia, Latvia and Ukraine, with over 20 million square meters of facilities under management of Group's companies. Sales (mln. EBITDA (mln. EBIT (mln. Net profit LTL) LTL) LTL) (mln. LTL) -------------------------------------------------------------------------------- 2010 541.8 35.7 24.7 25.5 -------------------------------------------------------------------------------- 2011 1st half 268 19.6 13.6 11.0 -------------------------------------------------------------------------------- 2011 forecast 558.0 50.0 33.4 27.1 -------------------------------------------------------------------------------- Comparative 0.47 5.28 7.91 9.75 Capitalization Ratios* -------------------------------------------------------------------------------- * AB City Service market capitalization as of 31 August 2011 to forecasted for 2011 sales, EBITDA, EBIT and net profit in each column accordingly. ENCLUDING: AB City Service Interim Consolidated Financial Statements for the six months of 2011 (in LTL) and AB City Service Interim Consolidated Report for the six months of 2011. Vilius Mackonis, Public relations manager +370 5 239 4900 |
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