Energy, Gas Market , Good for Business, Latvia
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Saturday, 27.04.2024, 06:42
Turnover of Latvijas Gaze natural gas utility up 16.2% in Q1
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Meanwhile, the company’s turnover increased 25.5% in the
said period to EUR 100.167 mln, and its profit rose 10.3% to EUR 10.159 mln.
The company’s management reported that despite above
seasonal normal temperatures Latvijas
Gaze group during the first quarter 2019 in total sold 379 mln m3 (4,002
GWh) of natural gas to more than 400,000 customers and increased total sales by
8.6% in comparison to the same period a year before.
In an increasingly competitive market environment, the
natural gas sales and trading segment successfully expanded its gas sales
across the Baltic region.
In the first three months of 2018, Latvijas Gaze concern reported EUR 100.9 mln in sales and earned
EUR 20.118 mln in profit.
Latvijas Gaze
group's major shareholders were Gazprom
(34% of shares), Marguerite Gas
(28.97%), Uniper Ruhrgas International
(18.26%), and Itera Latvija (16%). Latvijas Gaze shares are listed on the
Nasdaq Riga stock exchange.
«The Baltic Course» Is Sold and Stays in Business!
