Gasum logs higher revenue

Finland-based LNG and LBG supplier Gasum has reported higher revenue in the first half of this year, boosted by a rise in deliveries to customers in the maritime sector.

Gasum said its revenue rose almost 72 percent year-on-year in the January-June period to 519.1 million euros.

However, the firm logged a net loss of 2.8 million euros, compared to a profit of 17.5 million euros in the first half of 2020.

“A clear growth in volumes in all our segments, as well as the trend in the price of gas compared to a year earlier, contributed to the increase in group revenue,” chief executive Johanna Lamminen, said.

“Demand for cleaner energy is growing in all customer segments. In industry, our biggest business segment, volumes delivered to our customers were up 25% during the first half of 2021 compared to a year earlier,” she said.

Moreover, demand in the maritime business continued to increase during the period under review, and these volumes rose 75% compared to a year earlier.

This includes delivering two test consignments of liquefied biogas to the Finnish Border Guard for their offshore patrol vessel Turva, Lamminen said.

In addition, Gasum continued to build a network of LNG filling stations in the Nordics.

According to the firm, more than 600 new gas-fueled vehicles, of which more
than 50 were vans and trucks, were registered in Finland during the second quarter of this year.

The number of gas-fueled vehicles already totals more than 14,800 in Finland
and more than 50,000 in Sweden, it said.

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