PRAGUE (Reuters) -EP Infrastructure (EPIF), majority owned by Czech billionaire Daniel Kretinsky's EPH energy group, reported a 27% year-on-year fall in first-half adjusted EBITDA, to 524 million
EP Infrastructure Reports 27% Drop in H1 Earnings Amid Gas Flow Halt
PRAGUE (Reuters) -EP Infrastructure (EPIF), majority owned by Czech billionaire Daniel Kretinsky's EPH energy group, reported a 27% year-on-year fall in first-half adjusted EBITDA, to 524 million euros, hit by a decline in transit through Slovakia after Russian gas flows via Ukraine were stopped at the start of the year.
Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) dropped by 7% in EPIF's gas and power distribution segment and by 61% in the gas transmission segment which includes Slovak gas pipeline operator Eustream.
EPIF said gas flows fell to 2.0 billion cubic metres (bcm) in the first half, down from 8.7 bcm in the same period a year ago.
($1 = 0.8542 euros)
(Reporting by Jason Hovet)
