Lithuania’s Litgrid sees net profit surge 174%
2020-05-10, 12:35
Published in
Economy
wikipedia.org
Lithuania's electricity transmission grid operator Litgrid saw its net profit surge 174% to 9.111 mln euros in the first quarter of this year, from 3.325 mln euros in the same period last year, Litgrid said in a stock exchange release. The company’s revenue rose by an annual 12% to 53.378 mln euros, from 47.647 mln euros, Litgrid said. Earnings before interest, taxes, deterioration and amortization (EBITDA) soared by an annual 67.6% to 15.9 mln euros and the EBITDA margin increased to 29.5%, from 19.8%. Epso-G, a holding company owned by the Lithuanian Energy Ministry, holds 97.5% of shares in Litgrid.
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