Financial Statement Release
JSC Latvijas Gāze unaudited Financial Report of 12 months of 2015
In 9 months of the year 2015, the Latvijas Gāze sold to the consumers 1 318 million cubic meters of natural gas. In comparison with 2014 the amount of natural gas sales was 2% higher.
The year 2015 saw a substantial price drop in the global oil markets, with influence on both the average natural gas purchase price and the annual income of Latvijas Gāze. In 2015, the consumers were sold natural gas and provided services for 445 million EUR.
Although in 2015 the EBITDA remained at the previous year’s level of 68.1 million EUR, a decrease in turnover enabled a increase in the EBITDA margin to 15.3% compared to 13.6% in previous year. Meanwhile net profit was 30.5 million EUR.
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