AB Kauno energija reported consolidated and parent company earnings results for the fourth quarter and year ended December 31, 2015. For the fourth quarter, on consolidated basis the company reported total income of EUR 19,020,000 against EUR 25,794,000 a year ago. Operating profit was EUR 3,095,000 against EUR 2,763,000 a year ago. Profit before income tax was EUR 2,979,000 against EUR 2,719,000 a year ago. Net profit was EUR 2,315,000 or EUR 0.05 per basic and diluted share against EUR 2,279,000 or EUR 0.05 per basic and diluted share a year ago.

For the year, on consolidated basis the company reported total income of EUR 61,324,000 against EUR 76,968,000 a year ago. Operating profit was EUR 5,787,000 against EUR 1,427,000 a year ago. Profit before income tax was EUR 5,248,000 against EUR 1,302,000 a year ago. Net profit was EUR 4,584,000 or EUR 0.11 per basic and diluted share against EUR 862,000 or EUR 0.02 per basic and diluted share a year ago. Acquisition of tangible and intangible assets was EUR 4,875,000 against EUR 19,581,000 a year ago.

For the fourth quarter, the parent company reported total income of EUR 18,998,000 against EUR 25,779,000 a year ago. Operating profit was EUR 3,100,000 against EUR 2,777,000 a year ago. Profit before income tax was EUR 2,984,000 against EUR 2,733,000 a year ago. Net profit was EUR 2,320,000 or EUR 0.05 per basic and diluted share against EUR 2,293,000 or EUR 0.05 per basic and diluted share a year ago.

For the year, the parent company reported total income of EUR 61,252,000 against EUR 76,892,000 a year ago. Operating profit was EUR 5,803,000 against EUR 1,435,000 a year ago. Profit before income tax was EUR 5,264,000 against EUR 1,307,000 a year ago. Net profit was EUR 4,600,000 or EUR 0.11 per basic and diluted share against EUR 867,000 or EUR 0.02 per basic and diluted share a year ago. Acquisition of tangible and intangible assets was EUR 4,875,000 against EUR 19,601,000 a year ago.