Last update: 29.11.2024 18:25 (GMT+2)

JSC "Latvijas Gāze" Supervisory Board approved company draft budget for 2003

25.11.2002, Latvijas Gāze, RIG

On November 22, 2002 JSC "Latvijas Gāze" Supervisory Board approved the
amendments to the company contracts with "Gazprom" and "Itera" with
regard to gas supplies to Latvia in 2003-2005, as well as the company
draft budget for 2003, except for the capital investment programme for
gas main construction. In 2003 "Latvijas Gāze" expects net sales of LVL
102.8 million, which is by 2% more than this year's target (LVL 100.7
million). In terms of volume, 2003 sales is planned at 1450 million
cubic metres of natural gas, which exceeds the 2002 target by 50
million cubic metres or 3.6%. Consolidated group profit target is LVL
2.7 million.
The draft budget submitted by the Management Board provided for a LVL
22.6 million investment; Supervisory Board approved investment
programme at total value of LVL 14.2 million.

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