Vilnius, Lithuania, 2011-01-11 12:35 CET (GLOBE NEWSWIRE) -- On January 10, 2011 Mr. Virgilijus Poderys, Chief Executive Officer of LITGRID Turtas AB, presented the company activity and ongoing strategic projects to the investor community. In his presentation about the energy sector reform, by the end of which LITGRID AB and LITGRID Turtas AB will be merged, Mr. Virgilijus Poderys forecast that the company income in 2010 may reach LTL 900 million.
The return on equity in utilities sector companies ranges from 6 per cent in developed markets to 9 per cent in rising markets. Comprehensive financial indicators of the company will be announced in spring upon their approval by shareholders in the general meeting.
Vilija Railaitė
Head of Communications
Phone +370 5278 2361
Mobile +370 613 19977
E-mail vilija.railaite@litgrid.eu