Unaudited Financial Report of 9 months of 2013

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| Source: Latvijas Gaze
multilang-release

In 9 months of the year 2013, the JSC Latvijas Gāze sold to consumers 1045.9 million m3 of natural gas. The natural gas sales were 2.8% higher than in the respective period of 2012 and 3.0% or 30.9 million m3 above the budgeted volume.

The gas injection season at the Inčukalns UGS began on April 17, 2013. At the start of natural gas injection, the reserves of active gas at the Inčukalns UGS were 182.35 million m3.

The injection season at the Inčukalns UGS was completed on October 14, 2013, with 2 136.7 million m3 of natural gas injected over the season and 2 300 million m3 of active gas present at the end of the season.

Over 9 months of 2013, consumers were sold natural gas and provided services for LVL 293.6 million, which is 0.03 % more than in the respective period of 2012.

The changes in gas sales did not increase the total income because in 9 months of 2013, due to changes in oil product quotations and currency rates, industrial and residential customers were applied differential natural gas sale end-user tariffs corresponding to a natural gas sale price 0.8% lower than that of 9 months of 2012. Year-on-year there was an increase of income in the industrial sector and a decrease in the household sector.

The Company completed 9 months of 2013 with a profit of LVL 9.7 million, which is 40.6% higher than in the respective period of 2012 when the Company profited LVL 6.9 million.

Within the capital investment programme, LVL 10.5 million of investment funds have been spent in 9 months of 2013, mostly on the renovation of gas transmission and distribution pipelines, the modernization of technological equipment and the reconstruction of wells.

 

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