Enefit Reports Net Loss Despite Revenue Drop in Lithuania
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Lithuanian power supplier cites infrastructure investments and customer benefits as factors.
Despite a decrease in revenue, Enefit, the power supply company, reported a net loss of $2.4 million in 2024, a stark contrast to the $16.5 million net profit in 2023. The company attributes this to strategic investments and customer-focused initiatives.
Financial Performance
The company’s CEO,Valdemaras Fedorovich,explained that the adjusted net loss reflects the company’s strategic direction. He stated the loss is partly part of us as a company as a company.