Unaudited financial reports for the first quarter of 2009


In 3 months of the year 2009, “Latvijas Gāze” Joint Stock Company sold to
consumers 593,2 million m3 of natural gas. In comparison to the respective
period of 2008, the natural gas sales have decreased by 5,4%. 

The decrease of natural gas consumption in 3 months of 2009 has been caused by
the temperature as well by more economical use of resources and decisions made
by natural gas consumers to decrease business activities because of global
financial crisis and decreasing growth pace of national economy of Latvia. 

In 3 months of 2009, consumers were sold natural gas and provided services for
LVL 155 million, which is by 45,7% more than in the respective period of 2008. 

“Latvijas Gāze” Joint Stock Company completed 3 months of 2009 with a profit of
LVL 5,7 million, which is by 18,8% more than in the respective period of 2008,
when the profit was LVL 4,8 million. 

Within the framework of the capital investment programme, LVL 1,9 million were
utilized in 3 months of 2009. The funds of investment were mostly used for
modernization of technological equipment and construction of new gas pipelines. 


Vinsents Makaris
phone + (371) 67 369 144
e-mail: IR@lg.lv

Attachments

2009_3_months.pdf