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Išbandyti
2012 09 27

Vilnius Energy sees 19-percent rise in profits

Vilniaus Energija (Vilnius Energy), a district heating supplier owned by France's Dalkia, last year posted a net profit of 84.225 million litas (EUR 24.4m), a rise of 19.4 percent from 70.562 million litas in 2010.
Antroji Vilniaus termofikacinė elektrinė
Vilniaus Energija / Irmanto Gelūno / BNS nuotr.

Annual sale revenues increased by 6.9 percent to 729.585 million litas, from 682.235 million litas, according to Vilniaus Energija's 2010 performance report obtained by BNS. The company's management approved the report on 12 April this year.

"The release of the data shows that the information has never been a secret. All the responsible authorities have, and have always had, all of the company's operating data. They control our company based on these data," Vilniaus Energija spokesman Nerijus Mikalajūnas told BNS.

According to the report, Vilniaus Energija's operating profit last year rose by 23.8 percent to 99.411 million litas, from 80.317 million litas in 2010. The operating profit figure matches that of the pretax profit.

The company's equity capital amounted to 212.188 million litas at the end of 2011, a 50-percent increase from 141.774 million litas on 31 December 2010. Total equity capital and liabilities last year fell by 14.2 percent to 525.850 million litas.

Vilniaus Energija has not filed its 2010 and 2011 annual reports to the Center of Registers, although it is obliged to do so by law.

Back in 2002, Vilnius' heating system was leased to Dalkia for a 15-year period. Vilniaus Energija, a subsidiary company set up by Dalkia, then committed itself to investing around 579 million litas in the city's heating system by 2017. The company said that it had invested 518.2 million litas by the summer of 2010, of which 274.4 million litas had come from heating bill payments.

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