OREANDA-NEWS. July 14, 2011. The preliminary unaudited net profit for the first six months of 2011 of the Company amounted to LTL 27.7 million (EUR 8.0 million), that means 57 percent more than during the first half of 2010 when the profit of LTL 17.6 million (EUR 5.1 million) was generated.

Revenues of the Company during the first half of 2011 increased up to LTL 80.6 million (EUR 23.4 million) – 26 percent more if compared to the same period of the last year ( LTL 63.9 million (EUR 18.5 million) during the first half of 2010)).  

As it has already been reported the increase of revenues during the first half of 2011 was influenced by the significant factors such as operation without intermediaries when after termination of cooperation with UAB „Naftos grupe“ the Company gained about LTL 5 million (EUR 1,4 million) additional earnings by applying greater transshipment tariffs; - the implemented structural reorganization in the commercial sphere which added LTL 4 million (EUR 1.2 million) earnings from additional services rendered to the clients as well as successful sales in June of oil products recovered from bilge waters that brought LTL 5.7 million (EUR 1.7 million).