Energy, Lithuania, Oil, Port, Transport

International Internet Magazine. Baltic States news & analytics Sunday, 14.04.2024, 15:43

Klaipedos Nafta's profit down 37% in H1

BC, Vilnius, 31.07.2017.Print version
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.

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.

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