Lietuvos Telekomas AB

Company event



Results for the First Quarter of 2005



On 19 April 2005, the Board of AB Lietuvos Telekomas approved unaudited

financial statements of Lietuvos Telekomas’ Group for the first quarter of 2005

prepared according to International Financial Reporting Standards.



Revenue for the first quarter of 2005 amounted to 177 million litas, a decline

by 3.8 per cent over the revenue of 184 million litas for the first quarter of

2004.



Lietuvos Telekomas’ Group expenses, year-on-year, went down by 10.3 per cent

from 99 million litas to 89 million litas.



EBITDA for the three months’ period went up by 3.9 per cent to 89 million litas

over 86 million litas for the same period a year ago and EBITDA margin reached

50.3 per cent (46.6 per cent in 2004).



Profit before income tax for the first quarter of 2005 was almost 4 times higher

than a year ago and amounted to 22 million litas (5.6 million litas a year ago).



Profit for the period of the first three months of 2005 (including minority

interest) amounted to 17 million litas, being 4 times higher than in 2004 when

it amounted to 4 million litas.



Net cash flow after investment activities for the three months’ period amounted

to 68 million litas (51 million litas for the same period a year ago). During

the three months’ period cash and cash equivalents increased by 65 million

litas.





Jan-Erik Elserius

Chief Financial Officer - Deputy General Manager

(+370 5) 236 76 03