Last year, Amber Grid’s profit decreased by 17 percent, revenue by 16 percent. | Business

The company’s consolidated adjusted earnings before taxes, interest, depreciation and amortization (EBITDA) fell 29.3 percent last year. up to 25.3 million euros. It decreased due to changes in gas prices and lower revenues from transit gas to Kaliningrad, Amber Grid reported on Thursday

The company’s lower income was caused by lower balancing income due to falling gas prices, and the decrease in net profit was caused by the company’s expenses.

According to the company manager Nemunas Bikniaus, almost 80 million Amber Grid earned EUR 10,000 in revenue from transporting natural gas and providing balancing services.

“During the year, a significant investment of 36 million was made in the gas transmission network. amount of euros. “Last year, several kilometers of sections of the gas pipeline between Vilnius and Kaunas were reconstructed, and the reconstruction projects of the gas distribution stations in Šiauliai, Telšiai, Grigiškii, Kėdainiai and Vievios were completed, and a gas pressure limiting unit was installed in the gas pipeline to Marijampolė,” said N. Biknius in the announcement.

The value of the company’s fixed assets decreased by 4.7 million last year. euros.

Amber Grid transported 61.2 TWh of gas through pipelines in Lithuania last year – 4.4 percent. less than last year (64 TWh), of which 19.1 TWh, or 3.8 percent, was transferred to the Baltic countries and Finland via Latvia. more (18.4 TWh), to Poland – 3.2 TWh, or twice less (6.4 TWh).

The results of “Amber Grid” also include the results of the gas exchange “GET Baltic”. Amber Grid owns 34 percent. of the authorized capital of “GET Baltic”.