Mazeikiu Nafta Announces Audited Financial Results for 2005

19-04-2006  News

MAZEIKIAI - AB Mаzeikiu Nafta announces the consolidated audited financial results for the financial year 2005. The financial results of the Company were audited by PricewaterhouseCoopers.
The company earned 885.714 million Litas (318.723 million US dollars) audited net profit in 2005 under International Financial Reporting Standards (IFRS), compared to a 721.106 million Litas (260.843 million US dollars) of profit in 2004 under IFRS. 

Mazeikiu Nafta’s revenues totaled 11.155 billion Litas (4.005 billion US dollars) in 2005, compared to 7.663  billion Litas (2.760  billion US dollars) the year before.

The audited financial results will be presented to the General Shareholders’ Meeting for final approval.

The General Meeting of Shareholders will take place on April 28, 2006 in the Administration Center of AB Mazeikiu Nafta, Juodeikiai, Mazeikiai district.

Giedrius Karsokas
AB Mazeikiu Nafta
tel. +370 610 65298
fax +370 443 92579

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