Klaipedos Nafta profit drops 11.6 pct

Klaipedos Nafta reported a net profit of LTL 31.5 million (EUR 9.1 million), an 11.6 percent drop compared to the same period of 2013 when company posted a LTL 35.6 million (EUR 10.3 million) profit.

The sales revenues for 2014 comprise LTL 136.6 million (EUR 39.6 million) 7.7 percent up compared to the same period of 2013 when sales revenues amounted to LTL 126.9 million (EUR 36.7 million).

The company said that revenue in 2014 has increased because of the start of activity of the Liquefied natural gas terminal in the end of 2014.

Klaipedos Nafta recently signed a memorandum of understanding with Bomin Linde LNG aiming to jointly develop the LNG fuel market, including the necessary infrastructure in Baltic Sea.

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Image: Höegh LNG