Bloomberg News

Klaipedos Nafta Net Fell 23% in First Half From Year Earlier

By Milda Seputyte
August 31, 2012

Klaipedos Nafta AB, Lithuania’s oil terminal on the Baltic sea, said profit fell 23 percent in the first six months from a year earlier because its biggest client oil refiner, Orlen Lietuva AB, closed for repairs.

Net income fell to 21.5 million litai ($7.78 million) from 27.9 million litai in the first six months ending June 30, the Klaipeda-based company said in a statement to the stock exchange today.

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

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