2011-02-28 15:40:15 CET

2011-02-28 15:41:17 CET


REGULATED INFORMATION

Lithuanian English
Klaipedos Nafta AB - Interim information

Unaudited financial results for operating activities for 12 months period 2010



Klaipedos Nafta SC (hereinafter - the Company) earned pre-tax profit for the
year 2010 - LTL 31.4 million (LTL 42.2 million in 2009) and the Company's net
profit during the same period - LTL 26.6 million (in 2009 - LTL 37.4 million). 

Klaipedos Nafta SC sales income in 2010 amounted to 124.6 million LTL (116.2
million LTL 2009). During the year the Company transshipped 7.9 million tons of
oil products (7.7 million tons in 2009). 

Transshipping and sales of the Company exceeded 2009 results and planned annual
results for the year 2010, and the profit decline was mainly caused by the
following factors: 

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Millio                                                                          
n LTL                                                                           
--------------------------------------------------------------------------------
8,6     impairment of assets - investments from previous years which are not    
        bearing revenue for the Company                         
--------------------------------------------------------------------------------
4,3     Increase in energy cost - electricity, steam and gas. Also, the         
        complicated weather conditions at the end of the year increased railway 
        transportation costs                                                    
--------------------------------------------------------------------------------
3,2     In 2009 the Company received an one-off compensation from the Orlen     
        Lietuva for the storage of oil products, no such revenues received in   
        2010                                                                    
--------------------------------------------------------------------------------
2,0     first time accounted for employee benefits and emission rights          
        provisions                                                              
--------------------------------------------------------------------------------
Total:                                                                          
 18,1                                                                           


We submit confirmation of responsible persons and the unaudited interim
financial statements for 12 months period 2010. 




         Johana Buciene, Chief Financier, +370 46 391 636

2010_FA_EN.pdf