Share Name Share Symbol Market Type Share ISIN Share Description
Kauno Energija NEX:LT0000123010-LTL NEX Common Stock LT0000123010
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.00 0.00 0.00 0.00 0.00 0.00 0 -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Activity results of the 1 quarter of the year 2019

26/04/2019 10:00am

GlobeNewswire Inc.


Kauno Energija (NEX:LT0000123010-LTL)
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6 Months : From Apr 2019 to Oct 2019

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Activity results of the 1 quarter of the year 2019

The Board of AB Kauno Energija (hereinafter – the Company) (code – 235014830) assessed results of Company’s business activity of the 1 quarter of the year 2019 and financial state as at 31 March 2019 and approved AB Kauno Energija consolidated and Company’s non-audited results of the 1 quarter of the year 2019 on 25 April 2019.The result of Company’s activities of the 1 quarter of the year 2019 according to the International Financial Reporting Standards is profit (before taxes) in amount of EUR 4,631 thousand (the profit of the 1 quarter of the year 2018 was EUR 8,386 thousand), turnover from sales is EUR 28,372 thousand (in the 1 quarter of the year 2018 it was EUR 32,670 thousand). The profit of the Group which consists of AB Kauno Energija and its’ subsidiaries UAB Kauno Energija NT (code – 303042623) and UAB Petrašiūnų katilinė (code – 304217723), amounts to EUR 5,086 thousand (before taxes) (the profit of the 1 quarter of the year 2018 amounts to EUR 8,579 thousand), turnover from sales amounts to EUR 28,366 thousand (turnover from sales of the 1 quarter of the year 2018 amounted to EUR 32,662 thousand).The rate of critical liquidity of the Company that makes comparison between short term assets without stocks and short term liabilities as at the end of reporting period (31 March 2019), increased from 1.54 to 2.36 during the period from the end of 2018 (the rate of the Group increased from 1.47 to 2.33). The EBITDA of the Company of the 1 quarter of the year 2019 is EUR 6,423 thousand (EBITDA of the 1 quarter of the year 2018 was EUR 10,226 thousand), and EBITDA of the Group is EUR 7,032 thousand (EBITDA of the 1 quarter of the year 2018 was EUR 10,582 thousand.Company’s turnover from sales of the 1 quarter of the year 2019 decreased by 13.2 per cent in comparison with the same period of the year 2018 due to the 13 per cent less amount of heat sold and due to 3.4 per cent decreased average heat selling price.We hereby present an Interim Non-Audited Financial Statements of the 1 quarter of the year 2019 together with confirmation of responsible persons.

Loreta Miliauskienė, Head of the Economics Department, tel. +370 37 305 855

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