During the first half of 2017, the turnover of Panevezio statybos trestas AB was 24.4 mln. Euros, that is by 29 per cents lower compared to the six months of the year 2016. In the first half of 2017, the company incurred losses. The losses amounted to 0.62 mln. Euros. Referring to the first half of 2016, the company had net profit of 1.4 mln. Euros. In the first half of the year a few projects large in scope were completed – extension of the Shopping and Leisure Centre Mega in Kaunas, storage facilities of Lemora UAB. Preparations were started for new projects. This conditioned the losses incurred and decrease in income. The comprehensive income of the Group over the same period amounted to 33.5 mln. Euros and, compared to the comprehensive income in the amount of 41.5 mln. Euros over the first half of 2016, decreased by 19 per cents. Over the reporting period, the Group incurred losses amounting to 1.7 mln. Euros. Referring to the first half of 2016, the company had net profit of 0.6 mln. Euros. The decisive influence on the Group results was made by losses incurred by PST Nordic AB, the subsidiary company of Panevezio statybos trestas AB.
For more information contact:
Dalius Gesevicius
Managing Director
Panevezio statybos trestas AB
Phone: (+370 45) 505 503
