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Wednesday, 24.04.2024, 19:51
Orlen Lietuva nets EUR 45 mln in Q1 revenue
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Sales revenue dropped by 24% year-on-year to 582.7 million euros (EUR 663 mln), Poland's Orlen said in its first-quarter financial report released on Thursday.
Orlen Lietuva's EBITDA for January through March fell to 51.9 million euros (USD 59 mln), down 29% from 72.9 million euros (USD 81 mln) a year earlier.
The refinery in Mazeikiai, in northwestern Lithuania, processed 2.385 million tons of crude during the three months, up 33% from 1.795 million tons a year earlier. It improved its capacity utilization by 24%age points to 94%.
The company's capital expenditure (Capex) amounted to 4.6 million euros (USD 5.2 mln) in the three months.
Orlen Lietuva last year turned a net profit of 208.3 million euros (USD 237 mln), versus a loss of 104.6 million euros (USD 119 mln) in 2014. Full-year revenue dropped by 33% to 3.64 billion euros (USD 4.138 bln).
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