AB Mazeikiu Nafta announces that consolidated net profit of the Company for the first half of the year amounted to LTL 72 million (USD 29 million) in comparison with LTL 280 million (USD 127 million) for the same period of 2008. Revenues of the Company for the first half of 2009 reached LTL 4.8 billion, and were almost twice lower than for the same period last year (LTL 8.9 billion). Refining volumes of the Company decreased by 6 percent only in comparison with the first half of the last year.
Public Company Mazeikiu Nafta is a petroleum refining company operating the only petroleum refinery in the Baltic States as well as crude oil and petroleum product network and marine terminal. Polish oil concern Polski Koncern Naftowy ORLEN S.A., the leader of oil refining sector in Eastern and Western Europe, is the major shareholder of Public Company Mazeikiu Nafta.