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CTS: City Service group consolidated results for first quarter of 2009

Spekuliantai.lt | 2009-05-31 | NASDAQ OMX biržų naujienos | perskaitė: 1344
Raktiniai žodžiai: City Service AB, CTS
CTS: City Service group consolidated results for first quarter of 2009

City Service AB Interim information 31.05.2009

City Service group consolidated results for first quarter of 2009

City Service group, the largest facilities management company group in the
Baltic States, announces its unaudited Consolidated Interim Financial
Statements for first quarter of 2009, prepared according to International
Financial Reporting Standards.

Total consolidated City Service group's turnover for first quarter of 2009 was
LTL 79.7 million (EUR 23.1 million), an increase by 47 % over the total
turnover of LTL 54 million (EUR 15.6 million) for first quarter of 2008.
Profit for the period amounted to LTL 3.9 million (EUR 1.1 million), an
increase by 25% over LTL 3.1 million (EUR 0.9 million) a year ago.

“The increase in turnover and profit was influenced by take-over of four
facility management companies in Vilnius (Lithuania) in the start of the year,
and also by increase of effectiveness of activities within the Group.
Devaluation of Russian ruble also had an effect on profit of the first
quarter”, - stated Mr. Žilvinas Lapinskas, Director General of City Service,
AB.

City Service group now consists of 33 facilities management companies operating
in Lithuania, Russia, Latvia and Ukraine, managing approximately 24 million sq.
m. of facilities.

Vilius Mackonis
public relations officer
+370 5 239 49 00



1. city service 2009 3 months interim financial statements_en.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=227307)

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