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Lithuania`s Klaipedos Nafta's H1 revenue up 0.8% to EUR 52.8 mln

BC, Vilnius, 10.07.2018.Print version
Lithuania's state-run oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta (Klaipeda Oil) said on Monday that its total first-half revenue edged up by 0.8% to 52.8 mln euros, from 52.4 mln euros in the same period of 2017, according to the company's preliminary first-half results published on the Nasdaq Vilnius website.

In June alone, revenue remained unchanged at 8.4 mln euros.

Klaipedos Nafta's oil terminals posted a 16.1% year-on-year increase in first-half revenue to 20.2 mln euros, but the LNG terminal saw its revenue decline by 6.9% to 32.6 mln euros. 

Oil product loadings at the Klaipeda and Subacius oil terminals rose by 10.2 % to 3.595 mln tons, with the company attributing the growth to increased transit flows. 

The LNG terminal's regasification volumes dropped by 7.2% to 4.519 mln megawatt-hours (MWh) of gas. 

Klaipedos Nafta is quoted on the blue-chip Main List of the Nasdaq Vilnius stock exchange.

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