AB Klaipėdos Nafta preliminary activity and revenue results for the August 2019


In August 2019 AB Klaipėdos nafta (hereinafter – the Company or KN) has reloaded 450 thousand tons of petroleum products in Klaipėda and Subačius oil terminals. During the first eight months of 2019 the Company in total reloaded 3,951 thousand tons of petroleum products into its storage tanks.   

The preliminary sales revenue of the Company’s oil terminals for August 2019 reached EUR 3.0 million. The preliminary sales revenue for January – August 2019 of the Company’s oil terminals comprise EUR 21.5 million.                                                                                                                               

In August 2019 the Company’s Liquefied Natural Gas (LNG) terminals have re-gasified and reloaded 1,523 thousand MWh of natural gas. During the first eight months of 2019 the Company in total re-gasified and reloaded 10.198 thousand MWh of the natural gas. Compared to the first eight months of 2018, during the same period in 2019 handling increased by 69.9 per cent, or by 4,197 thousand MWh.  

The preliminary sales revenue of the Company’s LNG terminals for August 2019 comprised EUR 5.8 (during the same month of 2018 – EUR 5.2 million). LNG terminal’s revenue consists of the re-gasification tariff fixed part (for booked annual capacities) and variable part for amount of re-gasified LNG, reloading revenues and additional income related to impact of currency exchange for lease liabilities. The LNG terminal revenue level (for booked annual capacities) does not depend on re-gasification volume. Revenue is confirmed by the National Energy Regulatory Council (NERC (NCECP before August 1st)) based on the approved methodology of State regulated prices in the natural gas sector and is calculated for the whole upcoming year. The preliminary revenue of the LNG terminals for the eight months of 2019 comprise EUR 47.3 million and are higher by 9,7 per cent compared to the same period of 2018 (EUR 43.1 million).  

Total preliminary sales revenue of the Company in January - August of 2019 amount to EUR 68.8 million, or higher by 0.7 per cent compared to the same period of 2018 - EUR 68.3 million.

Comment by the Company management:  

In August, oil terminal reloading volumes of petroleum products at KN oil terminals were influenced by scheduled repair works at one of our major customer’s oil refinery in Belarus. Despite the fact, that loading volumes of petroleum products are lower than at the comparable time last year, our continuous focus on efficiency and expanding range of services have resulted in by 25 percent higher revenue at our oil terminals. Our main goal for the second half year of 2019 is to efficiently employ our infrastructure, actively competing with other neighboring terminals for the transshipment volumes and provided services for the clients. 
Klaipėda LNG terminal continues maintaining high activity volumes and the demand for Klaipėda LNG terminal capacity was further increased by the favourable situation in international LNG markets. New Klaipeda LNG terminal user “Eesti Energia” found business opportunity and entered into the contract in August. The growing number of Klaipeda LNG Terminal users demonstrates confidence of business in the value chain created by KN, brings more competition and allows to supply gas at a more competitive price.

Petroleum products transshipment and LNG re-gasification and reloading:

  August January – August
  2019 2018 Change, % 2019 2018 Change, %
Petroleum products reloaded, thousand tons 450 487 -7.6% 3,951 4,596 -14.0%
LNG re-gasification and reloading, thousand MWh 1,523 644 136.5% 10,198 6,001 69.9%

Petroleum products transshipment, LNG re-gasification and reloading volumes in 2019:

  January February March April May June July August
Petroleum products reloaded, thousand tons 626 454 461 433 446 506 575 450
LNG re-gasification and reloading, thousand MWh 471 173 96 1,475 1,774 2,430 2,256 1,523

Preliminary revenue of the Company, EUR million:

  August January – August
201 9 201 8 Change, % 201 9 201 8 Change, %
Oil terminals activity 3.0 2.4 25.0% 21.5 25.2 -14.7%
LNG terminals activity 5.8 5.2 11.5% 47.3 43.1 9.7%
Total: 8.8 7.6 15.8% 68.8 68.3 0.7%

   Jonas Lenkšas, Chief Financial Officer, +370 694 80594

About GlobeNewswire

One Liberty Plaza - 165 Broadway
NY 10006 New York

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Resolutions at the Annual General Meeting in Eolus Vind AB on January 25th, 202025.1.2020 17:45:00 CETPress release

Hässleholm, Sweden, January 25th, 2020. In accordance with the Board of Directors’ proposal, the Annual General Meeting (“AGM”) resolved to declare a dividend of SEK 1.50 per share for the financial year 2018/2019, and the record date for the payment of dividends was set to Tuesday, January 28th, 2020. The Board members and the CEO were discharged from liability. Sigrun Hjelmqvist, Hans Johansson, Jan Johansson, Hans Linnarson, Bodil Rosvall Jönsson and Hans-Göran Stennert were re-elected as members of the Board of Directors and Hans-Göran Stennert was re-elected as chairman of the Board. Accounting firm PricewaterhouseCoopers AB was re-elected as the company’s auditor, with authorized public accountant Eva Carlsvi as auditor in charge. It was decided that fees to the Board of Directors shall amount to SEK 1,250,000 in total, whereby the fee to the chairman shall amount to SEK 375,000 and the fees for each of the other Board members that are not employed by the company shall amount to

Beslut vid årsstämman i Eolus Vind AB den 25 januari 202025.1.2020 17:45:00 CETPressemelding

Hässleholm den 25 januari 2020. I enlighet med styrelsens förslag fastställde årsstämman utdelningen för räkenskapsåret 2018/2019 till 1,50 kronor per aktie med tisdagen den 28 januari 2020 som avstämningsdag. Bolagets styrelseledamöter och VD beviljades ansvarsfrihet. Sigrun Hjelmqvist, Hans Johansson, Jan Johansson, Hans Linnarson, Bodil Rosvall Jönsson samt Hans-Göran Stennert omvaldes till styrelseledamöter och Hans-Göran Stennert omvaldes som styrelsens ordförande. Registrerade revisionsbolaget PricewaterhouseCoopers AB omvaldes till revisor med auktoriserade revisorn Eva Carlsvi som huvudansvarig revisor. Arvode till styrelsen beslutades utgå med totalt 1 250 000 kronor, varav 375 000 kronor till ordföranden och 175 000 kronor vardera till övriga styrelseledamöter som inte är anställda i bolaget. Vidare beslutade stämman att arvode till revisorn ska utgå enligt avtal. I enlighet med förslag från valberedningen fastställde stämman instruktioner för utseende av valberedningen och v

Gold Lion Closes Acquisition of Cuteye Group of Properties24.1.2020 22:05:00 CETPress release

VANCOUVER, British Columbia, Jan. 24, 2020 (GLOBE NEWSWIRE) -- Gold Lion Resources Inc. (“Gold Lion” or the “Company”) (CSE: GL) (FWB: 2BC) is pleased to announce that it has closed its acquisition of the Cuteye Group of Properties from a private British Columbia numbered company (“Numberco”) (see the Company’s January 13, 2020 news release previously announcing the transaction). Under the transaction, Gold Lion issued an aggregate of 6,000,000 Gold Lion common shares to the shareholders of Numberco. No finder’s fees were paid in connection with the transaction. Gold Lion also announces the appointment of Mr. Dan Dente as a Director of the Company. Mr. Dente brings over 20 years’ experience within the financial services industry. About Gold Lion Resources Inc. Gold Lion Resources Inc. is a mineral exploration company, actively involved in the exploration of the Cuteye Group of Properties, as well as the Fairview Copper-Silver-Zinc Property. The Cuteye Group of Properties includes the M

Notice of fourth quarter 2019 results and conference call24.1.2020 18:05:00 CETPress release

Notice of fourth quarter 2019 results and conference call Luxembourg, January 24th, 2020 – Millicom will announce its fourth quarter results for the period ending December 31st, 2019, on February 25th, 2020 at approximately 12:00 (Stockholm) / 11:00 (London) / 6:00 (Miami) via a press release. The company will host a conference call for the global financial community on February 25th, 2020 at 14:00 (Stockholm) / 13:00 (London) / 08:00 (Miami). The conference call will be webcast at Dial-in information: Please dial in 5-10 minutes before the scheduled start time to register your attendance. Dial-in numbers for the call are as follows: Sweden: +46 (0) 8506 92180 Luxembourg: +352 2786 0515 UK: +44 (0) 2071 928000 US: +1 631 5107 495 The access code is: 2348098 Replay information: A replay of the call will be available for 7 days from February 25th, 2020 at: UK: +44 (0) 3333 009785 US: +1 (917) 677-7532 Replay passcode is: 2348098 For further information, please contact Pr

Arion Bank: Share buyback program expanded in Iceland and Sweden24.1.2020 17:15:00 CETPress release

Reference is made to the Bank’s announcement concerning the Bank’s share buyback program in Iceland and Sweden published on 31 October 2019 and the change to the program published on 9 January 2020. The Board of Directors of Arion Bank has approved a revised buyback program on the basis of the authorization provided at the Bank's AGM on 20 March 2019 and the approval given by the Financial Supervisory Authority/Central Bank of Iceland on 23 January 2020. The revised share buyback program authorizes the Bank to buy a maximum of 100,000,000 shares/SDRs, corresponding to 5.5% of issued shares in the Bank, for up to ISK 8 billion at market value. The revised program represents an increase of up to 41 million shares/SDRs, corresponding to 2.3% of issued shares in the Bank, for up to ISK 3.5 billion at market value, in the Bank’s authorization to buy back shares. When the share buyback program was issued on 31 October 2019 the Bank was authorized to buy up to 59 million shares/SDRs for up to


Investor news Company announcement no 1. DFDS expects to publish the report for Q4 2019 on 6 February 2020 at around 08:00 AM CET. Torben Carlsen, CEO, and Karina Deacon, CFO, will present the report on a live conference call. The presentation in English will be followed by a Q&A session. Investors, analysts and other interested parties are invited to take part. Date: 6 February 2020 Time: 10:00 AM CET Telephone DK +45 35445577 US +1 631 913 1422 UK +44 33 33000804 List of international numbers: Access code: 66655871# If you wish to take part in the audio conference, please dial up at least five minutes before the conference begins. It will start on time, and participants will be asked to register name and company name beforehand. The conference will be broadcast live on and published there for future reference. Contact Søren Brøndholt Nielsen, IR +45 33 42 33 59 Attachment UK_OMX_no_01_Conference_ca