On 26 April 2016 the General Meeting of Shareholders of AB Amber Grid approved the Company's operating results for the year 2015.
In 2015, the Company's revenue was EUR 55.8 million, which represents a 7.7% increase year over year. Revenue from the natural gas transmission service accounted for 89.3% of the total revenue. In 2015, the Company's net profit was EUR 16 million (in 2014 the Company incurred a loss of EUR 113.4 million, which came as a result of the fixed asset impairment accounted in 2014). Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 30.1 million, which represents an increase of 5.3% year over year (2014: EUR 28.5 million).
On 19 April 2016 AB Amber Grid launched a tender through negotiated procedure on carrying out the construction works of the Gas Interconnection Poland-Lithuania (GIPL) in the territory of the Republic of Lithuania and the procurement of the pipes necessary for the gas transmission pipeline’s construction.
Acting pursuant to applicable regulatory provisions of the Republic of Lithuania, Lithuania's Natural Gas Transmission System Operator, AB Amber Grid, released its unaudited operating results for the full year 2015.
