Klaipedos Nafta 2011 Profit Rises to Record, Jumps 75% in Year

AB Klaipedos Nafta (KNF1L), which operates Lithuania’s oil terminal on the Baltic Sea, said profit rose 75 percent to a record in 2011.

Net income rose to 45.7 million litai (17.8 million) from 26.1 million litai in 2010, the Klaipeda-based company said in a statement to the stock exchange today. Sales grew 15 percent to 141.3 million litai from the previous year, it said.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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