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Klaipedos Nafta Net Fell 23% in First Half From Year Earlier

Klaipedos Nafta AB, Lithuania’s oil terminal on the Baltic sea, said profit fell 23 percent in the first six months from a year earlier because its biggest client oil refiner, Orlen Lietuva AB, closed for repairs.

Net income fell to 21.5 million litai ($7.78 million) from 27.9 million litai in the first six months ending June 30, the Klaipeda-based company said in a statement to the stock exchange today.

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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