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TEO: TEO LT, AB Consolidated Interim Financial Statements for 9 months of 2009

Spekuliantai.lt | 2009-10-16 | NASDAQ OMX biržų naujienos | perskaitė: 1187
Raktiniai žodžiai: TEO LT, TEO
TEO: TEO LT, AB Consolidated Interim Financial Statements for 9 months of 2009

TEO LT, AB Interim information 16.10.2009

TEO LT, AB Consolidated Interim Financial Statements for 9 months of 2009

On 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



1. 2009_9_months_financial_statements.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=278796)
2. 2009_9_months_results.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=278795)

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