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Published: 2010-02-11 08:34:38 CET
KN Energies
Notification on material event
Profit of the year 2009
During the year 2009 SC Klaipedos Nafta reloaded 7.66 million tones of
oil
products, by 7 per cent more than the targeted transshipment volume of
7.1
million tones for 2009 corresponding to the designed annual capacity of
the
Terminal. The Company received sales income in the amount of LTL 116.3
million
and by 17 per cent exceeded the targeted index of sales income (LTL
99.6
million) and generated unaudited pre-tax profit of LTL 42.6 million.


Under the prevailing conditions of economic recession with the decreased
demand
for oil products on the global market SC Klaipedos Nafta during the
year 2009
if compared to the year 2008 generated by 29 per cent greater
unaudited pre-tax
profit (pre-tax profit of 2009 - LTL 42.6 million; of 2008 -
LTL 33.0 million).
The successful performance of the Company was determined by
a flexible
reloading tariff policy, constant investments into the upgrading of
the
Terminal so that it should keep operating on the competitive market as
an
up-to-date, universal and attractive to the Clients Oil Terminal. 

The
(unaudited) results of the Company's performance during the year 2009
were
presented at the meeting of the Board of the Company on 10 February 2010.


I.Barauskaite-Gaiziuniene 
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