AB Klaipedos Nafta (KNF1L), which operates Lithuania’s oil terminal on the Baltic Sea, said profit rose 75 percent to a record in 2011.
Net income rose to 45.7 million litai (17.8 million) from 26.1 million litai in 2010, the Klaipeda-based company said in a statement to the stock exchange today. Sales grew 15 percent to 141.3 million litai from the previous year, it said.
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