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Klaipedos Nafta's profit down 37% in H1
BC, Vilnius, 31.07.2017.
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Lithuania's oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta (Klaipeda Oil) netted 7.389 million euros in profit in the first half of 2017, down by 37%, from 11.722 million euros, year-on-year, informs LETA/BNS.
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The company said its revenue stood at 52.341 million euros in January-June,
which is a decline by 8.7%, from 57.348 million euros, from the same period of
2016.
Klaipedos Nafta's earning before taxes, interest, amortization and depreciation (EBITDA)
fell by 21.9% to 15.207 million euros in the first half of 2017 year-on-year,
while the EBITDA margin declined by 4.9% to 29.1%.
The state owns 72.32% of shares and Achemos
Grupe concern owns 10.28% in Klaipedos
Nafta, which is quoted on the blue-chip Main List of the Nasdaq Vilnius
stock exchange.