Teksts
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Gross profit of Ventspils nafta terminals (VNT) in the 9 months
was 9.19 million lats or 6.8% more than in the same reporting
period in 2012 (8.61 million lats), in turn net profit was 7.33
million lats.
“Although the financial results of the company are comparatively
positive, as it was predicted last year, comparatively 18.4% less
petroleum products were transhipped in the first 9 months of 2013.
The fall can be explained with global processes –USA becoming net
exporter, the favourable trading conditions in the market of the
Black Sea and other factors that are out of VNT control,” explains
the Managing Director of VNT Lars Pantzlaff in the company’s
business update presentation.
8.0 million tons of petroleum products were transhipped by VNT in
the first 9 months of 2013, and that is a 18.4% decrease in
comparison with a corresponding period a year ago when the
transhipment volumes were 9.8 million tons. In total 41.2% of the
transhipped product volumes were received by railway or by sea but
58.8% – by pipeline.
“The positive financial results of VNT even in spite of the decline
in the transhipped volumes indicate that the development strategy
implemented by the company to date has been correct and that is
largely an achievement of our team. We have always held a view that
investments into development of working environment and into
employees is key to business of any company. It is also positive
that it has been evaluated by third parties – in 2013 we have been
recognised as the best employer in Kurzeme and have gotten in the
Silver category in the Sustainability Index, moreover, we
participated in it for the first time,” Pantzlaff continues.
By marking the future perspectives and goals of VNT, Pantzlaff
indicates maintenance of positive financial results as the most
essential in the comparatively unstable economic conditions. “We
also see continuous optimisation of work of the company and
ensuring of flexibility as a natural component of business
nowadays,” the Managing Director of VNT indicates.
Just as in the previous years, VNT has planned to pay much
attention to the issues of environment protection, and setting up a
vapour recovery system is defined as the next year’s priority in
this area.
Enclosed: Presentation about the company’s work and development
prospects.
About Ventspils nafta termināls
VNT provides transit services − the receipt of crude oil and
petroleum products via pipelines, rail tank cars and tankers, as
well as their storage and transhipment. VNT is technologically the
most advanced and largest crude oil and petroleum product
transhipment company in the Baltics with the total tank storage
capacity of 1.2 million cubic meters.
51% of VNT is owned by JSC Ventspils nafta (NASDAQ OMX RIGA:
VNF1R), which is one of the largest groups of companies in Latvia.
JSC Ventspils nafta is the Group's parent company, which manages
investments into the companies within the Group, thus facilitating
the growth in the overall value of the Group and its individual
companies.
Elīna Dobulāne, communications consultant
JSC Ventspils nafta
Tel.: +371-25959447
E-mail: elina.dobulane@vnafta.lv
www.vnafta.lv
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