Photo by Judith Grigelight (V)
The first 2018 the high demand for electricity and gas in the first half of the year and the changes in energy prices to increase the energy revenues and profits of Lithuania through the Nasdaq Securities Commission.
Compared to the first half of last year, the group's revenue increased by 16.1% to 626 million. Eur, net profit 12%, to 58,3 mln. Eur.
Adjusted earnings per share of the Group, taxes, depreciation and amortization (EBITDA) for the first half year were 123.6 million. Eurir rose by 2.8% compared to the first half year ago. Shareholders' equity (ROE) was 7.8%.
Such group results are due to a large amount of energy demand. At the beginning of the year it is unbelievable that the group smoker sells more natural gas and electricity to consumers. However, a higher demand for energy and a cheaper generation of hydropower in Scandinavia, as a result of rising electricity prices, has increased in price for gas after the rebound effect of Gazprom, the company reports.
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