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Wednesday, 08.05.2024, 02:02
Orlen Lietuva posted a smaller profit in H1
BC, Vilnius, 21.07.2017.
Print version
Print versionPolish-owned Lithuanian oil company Orlen Lietuva posted a net profit of 81 million euros (USD 93 mln) for the first six months of 2017, down 27%, from 111.5 million euros (USD 51 mln), a year ago, reports LETA/BNS.
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Sales revenue surged by 27% year-on-year to 1.713 billion euros (USD 1.967
b), Poland's Orlen said in its
financial report for January-June.
Orlen Lietuva's EBITDA for the first half of 2017 fell to 94 million euros (USD 108
mln), down 25%, from 125.4 million euros (USD 144 mln), a year ago.
The refinery in Mazeikiai, in northwestern Lithuania, processed 4.462
million tons of crude during the January-June period, up 1%, from 4.405 million
tons, a year ago. Its capacity utilization was unchanged year-on-year from 87%.
The company's capital expenditure (Capex) amounted to 32.2 million euros
(USD 37 mln) in the six months.
Orlen Lietuva is 100% owned by Poland's Orlen.
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