aA
One of the largest independent suppliers of electricity in Lithuania, Inter RAO Lietuva Group has published its results for the nine month period which ended on 30 September, 2015.
Inter RAO Lithuania sells less but operates at a profit
© DELFI / Valdas Kopūstas

The Group's gross profit increased by 42.3 percent, to EUR 21.4 million from EUR 15 million in January - September of 2014, and the gross profit margin was 15.62 percent against 9.57 percent a year ago, the Group reported.

Operating profit increased by 56.8 percent and reached EUR 16.3 million, against EUR 10.4 million in the same period of 2014.

The Group's net profit increased by 65.9 percent to EUR 13.5 million from EUR 8.1 million in January - September of 2014. Increase in profit was due to the set of risk management policies, change in trading structure the Group undertook in a response to the uncertainties associated with technical limitations of interconnection links, further expansion and diversification of trading activities in all the countries and better results from sales of electricity generated in the wind park.

EBITDA increased to EUR 18.3 million, and EBITDA margin increased to 13.35 percent from 7.92 percent a year ago.

Inter RAO Lietuva Group's electricity trading volume was 3 152 GWh, compared to 3 209 GWh in the same period of 2014.

Revenue from sales decreased to EUR 136.7million, compared to EUR 156.7 million in the first nine months of 2014 (12.8 percent) due to a lower amount of electricity traded in Lithuania and Latvia, facilitated by the continuous trend of historically low electricity prices in the market.

The electricity trading volume in Poland increased 10 times, from 20 GWh in the first nine month period of 2014 to 207 GWh in the same period of 2015.

The earnings per share increased to EUR 0.67 in January - September of 2015 against EUR 0.41 a year ago.

|Populiariausi straipsniai ir video

airBaltic plans to resume flights to London, Dublin and Dubrovnik but has no permits yet

Latvian airline airBaltic says it plans to resume flights from Vilnius to London and Dublin in...

Lithuanian company offers solution for international control of coronavirus test and vaccine

After the global coronavirus pandemic began in Wuhan it has affected people all over the world....

Avia Solutions Group to sel Baltic Ground Services Poland

Avia Solutions Group , the largest aerospace business group from Central & Eastern Europe, has...

Paysera has new vice president for development abroad

Starting June 1, Marius Pareščius , IT expert, businessman, and innovator, will be responsible for...

Palanga airport set to reopen with 1st flight since lockdown

Hungary's Wizz Air is on Tuesday relaunching its regular service between Palanga and Dortmund,...

Top news

Free movement between Poland and Baltics to be restored next week

Free movement between Poland and the Baltic states will be resumed next week, Lithuanian Prime...

Candidates list of social democrats for upcoming Seimas election approved

The presidium of the opposition Social Democratic Party of Lithuania on Thursday approved the...

airBaltic plans to resume flights to London, Dublin and Dubrovnik but has no permits yet

Latvian airline airBaltic says it plans to resume flights from Vilnius to London and Dublin in...

7 new coronavirus cases in Lithuania

On Thursday, Lithuania has detected 7 new coronavirus cases. Overall, there have been 1694 COVID-19...

Foreign minister: EU's external borders unlikely to open until late June

The European Union 's external borders may remain closed until late June, Lithuanian Foreign...

|Maža didelių žinių kaina