01.08.2005, Panevėžio statybos trestas, VLN

Panevezio statybos trestas AB     Stock Exchange Release     29.07.2005



Results for the first half of 2005



Panevezio statybos trestas AB  group revenues during the first half of 2005 

reached  80.4 million litas( 23.3 million euro) and compared with the same period

of the last year it has increased by 42.6 percent.  In  2004 it was 56.4 million 

litas ( 16.3 million euro ).



In the first half of 2005 the net profit reached 4 million litas (1.16 million euro).

During the same period of the last year it was 0.7 million litas ( 0.2 million euro).



Panevezio statybos trestas AB  group financial statements are prepared in accordance to

International Financial Reporting Standards.



In the beginning of  2005 Panevezio statybos trestas AB planned to increase its turnover

by 24 percent.



Alanas Levinas

Chief economist

+370 45 505530

+370 686 75245