Earnings Release • Apr 22, 2016
Earnings Release
Open in ViewerOpens in native device viewer
Audited Annual Report of 2015
In 2015, the Latvijas Gāze sold to the consumers 1 318 million cubic meters of natural gas. In comparison with 2014 the amount of natural gas sales was 2% higher.
The year 2015 saw a substantial price drop in the global oil markets, with influence on both the average natural gas purchase price and the annual income of Latvijas Gāze. In 2015, the consumers were sold natural gas and provided services for 445 million EUR.
Although in 2015 the EBITDA remained at the previous year’s level of 68.5 million EUR, a decrease in turnover enabled a increase in the EBITDA margin to 15.4% compared to 13.7% in previous year. Meanwhile net profit was 30.5 million EUR.
There are no substantial changes in the audited report compared with the non-audited report.
Vinsents Makaris
Phone + (371) 67 369 144
E-mail: [email protected]
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.