Q1 2010 Business Results of LIETUVOS ENERGIJA AB


Preliminary unaudited consolidated business results of LIETUVOS ENERGIJA AB
group for Q1 2010: 
•	income - LTL475.8 million (EUR137.8 million), Q1 2009 income - LTL420.1
million (EUR121.7 million); 
•	net profit -  LTL23.7 million (EUR6.9 million), Q1 2009  - LTL29.6 million
(EUR8.6 million) of net loss; 
•	electricity transmission for domestic needs - 2.439 TWh, in Q1 2009 - 2.516
TWh; 
•	electricity exports - 0.174 TWh, in Q1 2009 - 0.934 TWh. 

The income growth of Q1 2010 and altogether - the cost price growth resulted
from higher electricity price offered by generators subsequent to closure of
Ignalina nuclear power plant and trade in imported electricity. 

The net profit growth resulted from a cost reduction for public obligation
services (POS) - following the closure of Ignalina nuclear power plant the
price increased, which is applied a POS fee and this reduced the POS price,
paid to generators.  However, this cost reduction is of seasonal character and
will not have any impact on total annual result. 

The company continued its business optimization and reduced its operation costs
- compared to Q1 2009, the operation costs went down nearly 15 per cent in the
respective period. 


Sigitas Baltuška
Head of Communications
AB "Lietuvos energija"
A. Juozapavičiaus g.13
LT-09311 Vilnius
T. +370 5 278 2442
sigitas.baltuska@lpc.lt
www.le.lt