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Saturday, 27.04.2024, 01:29
Ventspils nafta and its subsidiaries operated with EUR 21.22 mln in profit in H1
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During the first half of 2014, the company posted net profit of EUR 4.35 million.
The company also reports that consolidated income rose by 7.6% to EUR 95.66 million in the first six months of the year, gross profit increased by 21.7% to EUR 27.58 million, while consolidated administrative costs fell by EUR 0.59 million to EUR 5.23 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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