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International Internet Magazine. Baltic States news & analytics Friday, 26.04.2024, 01:23

Lithuanian builder PST boosts 9-months net profit by 38%

BC, Vilnius, 30.11.2015.Print version
Panevezio Statybos Trestas (PST), one of the leading construction groups in Lithuania, said on November 27th that its consolidated net profits for the nine months through September 2015 increased to 1.437 million euros, up 38% from 1.041 million euros in the same period last year, reports LETA/BNS.

Consolidated sales revenue jumped by 29.7% year-on-year to 93.778 million euros, PST said in its report for the three quarters.

 

The group's net profits in Lithuania surged by 57.6% to 3.41 million euros as revenue increased by 26.3% to 69.634 million euros. Its losses in Russia widened by 75.8% to 1.973 million euros, although revenue rose by 40.8% to 24.144 million euros.

 

EBITDA for January through September increased by 14.3% to 2.746 million euros, but the EBITDA margin fell to 2.81%, from 3.32% a year ago.

 

Panevezio Keliai (Panevezys Roads) was PST's largest single shareholder at the end of September with 49.78% of shares. Swedbank Estonia's customers held a 6.06% stake.

PST shares are quoted on the blue-chip Main List of the Nasdaq Vilnius stock exchange.





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