GTC will report its 1Q06 numbers of Monday, May 15. We expect the company to report strong sales growth supported in particular by revenues from the residential segment driven by increasing number of flats sold in particular in Hungary. We expect all costs categories to develop in line with the revenue trend nevertheless, we expect the direct residential costs to growth slightly faster due to initiation of several residential projects meaning booking of costs not matched with sales as sales are booked at the transfer of ownership. GTC’s bottom line should be positively impacted by revaluation gain from the America house (office&commercial property) in Bucharest, Romania.