Klaipedos Nafta Oil Terminal Net Rises 53% in Nine Months

Nov. 23 (Bloomberg) -- AB Klaipedos Nafta, which operates Lithuania’s oil terminal on the Baltic Sea, said profit rose 53 percent in the January-September period from a year earlier.

Net income surged to 10.44 million euros ($14 million), compared with 6.81 million euros in the same nine-month period of 2010, the Klaipeda-based company said in a statement to the stock exchange today. Sales rose 22 percent to 108.06 million litai in the nine months through September.

--Editor: James M. Gomez

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net