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Ventspils nafta posts EUR 12.04 mln in Q1 profit
BC, Riga, 29.05.2015.
Print version
Print versionJoint-stock oil company Ventspils nafta and its subsidiaries operated with EUR 12.04 million in profit in the first quarter of the year 2015, reports LETA, according to the company's financial report submitted to the ''Nasdaq'' Riga Stock Exchange.
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Profits have increased by 11.4% when compared with the first quarter of 2014, when the company posted EUR 10.81 million in profit.
Ventspils nafta increased turnover by 2.6% in the first quarter of the year, reaching EUR 48.59 million.
Ventspils nafta is one of the largest groups of companies in Latvia and works in the petroleum product transport, transshipment, storage, and shipping sector.
Euromin Holding (Cyprus) Limited, a Vitol group company, is the largest shareholder in Ventspils nafta with 49.98% of shares. LNT, a subsidiary of oil product transshipment terminal Ventbunkers, owns 43.25% of Ventspils nafta shares.
Ventspils nafta shares are quoted in the Baltic Official List of "NASDAQ OMX Riga" since October 20, 1998.
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