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Klaipedos Nafta sees climb in net profit

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LNG Industry,

SC Klaipedos Nafta has announced that its net profit climbed 138% in 2015 to €22 million, compared to the €9.3 million in 2014. The result was attributed to the company’s LNG terminal, which started operations at the end of 2014, as well as the increased transhipment volume and profitability of its oil terminal activity.

The company’s profit before tax, interest and depreciation (EBITDA) for 2015 increased 121.2% to €37.4 million, compared to the corresponding period of 2014.

The company’s sales revenue for 2015 stood at €109.7 million, compared to €39.8 million in 2014.

Edited from press release by

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