Half Year financial report
Latvijas Gāze, JSC: Unaudited financial statements of 6 months of 2016
In 6 months of the year 2016, the Latvijas Gāze sold to the consumers 728 million cubic meters of natural gas. In comparison with first half of 2015 the amount of natural gas sales was 15,7% higher.
The year 2016 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 6 month of 2016, the consumers were sold natural gas and provided services for 212 million EUR (previously 235 million EUR).
Despite the decrease in income caused by the price drop, the EBITDA of first half of 2016 have improved against the respective period of the previous year and amount to 49.9 million EUR (previously 48,3 million EUR).
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