Lietuvos Telekomas AB

Company event



Preliminary unaudited financial results for the year 2004



On 8 February 2005, the Board of AB Lietuvos Telekomas approved the draft of

unaudited financial statements of AB Lietuvos Telekomas’ Group for the year 2004

prepared according to International Financial Reporting Standards.



- In 2004, the total revenue of Lietuvos Telekomas’ Group amounted to 730

million litas, a decrease by 10.1 per cent over the revenue of 812 million litas

in the year 2003.



- The total operating expenses for the year 2004 amounted to 394 million litas,

a decrease by 7.4 per cent over 426 million litas for the year 2003.



- EBITDA for the year 2004 amounted to 336 million litas (386 million litas a

year ago) and EBITDA margin was 46 per cent (47.6 per cent).



- Profit before profit tax for the year 2004 was 41 million litas and net profit

amounted to 32 million litas, while for the year 2003 net result was a loss of

36 million litas due to assets revaluation in the third quarter of 2003.



- Net cash flow after investment activities for the year 2004 amounted to 202

million litas (283 million litas for the year 2003). During the year cash and

cash equivalents decreased by 29 million due to payout of dividends (47 million

litas) and repayment of loans (183 million litas).





Jan-Erik Elserius

Chief Financial Officer - Deputy General Manager

(+370 5) 236 76 03