Lithuania's Viada LT posts EUR 0.5 mln in net profit for H1
2020-09-19, 10:12
Published in
Economy
Photo M. Paluskevic
Viada LT, the operator of former Lukoil filling stations in Lithuania and Latvia, posted an unaudited consolidated net profit of 495,800 euros in the first half of this year. The group did not disclose what its net profit was in the first half of 2019. The group's consolidated sales revenue dropped 10.7 % to 310.452 mln euros, according to the company’s six-month consolidated report. Viada LT says temporary COVID-19 related economic restrictions had negative impact on its results this year as fuel sales went down by 7% in Latvia and almost 1.8% in Lithuania due to movement restrictions and market stagnation in the first half of this year.
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