JSC “Latvijas Gāze”: Unaudited financial results of Latvijas Gāze group for 6 months of 2022
Latvijas Gāze group reached historically strongest financial performance in the first half of 2022, which is attributable to disciplined trading and risk management strategy in 2021. Q1 financial results have been the main driver for the strongest 6 month financial performance of the Company’s history.
The Group’s net turnover in the first half of 2022 was
During first half of 2022, JSC “Latvijas Gāze” sold 5 157 GWh of natural gas to customers in
Household segment caused losses in the first half of 2022 as tariff was lower than the costs of natural gas and trading expenses. Despite historically strongest financial performance in the first half of 2022, purchase costs might be significantly higher compared approved regulated tariff taking account recent forecasts. Consequently, household segment might generate substantial negative impact to JSC “Latvijas Gāze” 2022 2H financial performance.
Latvijas Gāze group will publish its unaudited consolidated interim condensed financial statements for 9 months of 2022 on
JSC “Latvijas Gāze”
Chairman of the Board
Aigars Kalvītis
www.lg.lv
Attachment
- IFRS_Latvijas Gāze 06.2022 ENG
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