The result of activities of the Group which as of 30 September 2015 consists of AB Kauno Energija and of its subsidiary – UAB Kauno Energija NT is profit (before taxes) in amount of EUR 2.269 million (9 months of the year 2014 is loss in amount of EUR 1.417 million), turnover from sales is EUR 41.851 million (9 months of the year 2014 – EUR 50.706 million). Up to 7 September 2015 the subsidiary UAB Pastatu Prieziuros Paslaugos was a part of the Group and it was removed from the Register of Legal Entities on 7 September 2015.
EBITDA of the 9 months of the year 2015 is: Company's – EUR 7.415 million (9 months of the year 2014 – EUR 3.082 million), Group's – EUR 7.417 million, (9 months of the year 2014 – EUR 3.105 million).
In the year 2015, the Company continues to implement current and plans to implement new investment projects in order to reduce heat production and acquisition expenditures, to assure reliable heat supplies, to decrease supply losses, and to increase effectiveness of the system of heat supplies. Therefore Company's profit before taxes of 9 months of the year 2015 in comparison with the result of the same period of the year 2014 increased, notwithstanding Company's turnover from sales of 9 months of the year 2015 in comparison with turnover of the same period of the year 2014 is lower at 17.5%.
