Ventspils nafta and its subsidiaries (Group)

The financial results of Ventspils nafta and its subsidiaries (the Group) for H1 2015 were as follows:

• Net profit was 21.22 million EUR;
• Consolidated income rose by 7.6% to 95.66 million;
• Gross profit increased by 21.7% to 27.58 million EUR;
• Consolidated administrative costs fell by 0.59 million EUR to 5.23 million EUR.

Key figures 

Ventspils nafta terminals (VNT): 

• Income rose by 1.39 million EUR to 46.11 million EUR;
• Gross profit rose by 0.61 million EUR to 8.94 million EUR;
• Net profit was 7.16 million EUR;
• The total throughput reached 5.9 million tons. In the reporting period 49% of the transhipped amount came by rail or sea. 51% through pipeline.

LatRosTrans (LRT):

• Revenue was 8.65 million EUR;
• Gross profits fell by 0.85 million EUR to 3.52 million EUR;
• Net result in the reporting period was 6.51 million EUR;
• Volumes of transported petroleum products fell by 11% to 2.98 million tons.

Latvian Shipping Company and its subsidiaries (LSC Group):

• Total revenue was 45.81 million USD, of which 41 million USD accounted for net voyage income;
• Net profit was 8.85 million USD;
• The fleet’s operating profit was 26.93 million USD.

About JSC “Ventspils nafta”

JSC “Ventspils nafta” is one of the largest groups of companies in Latvia and works in the petroleum product transport. transhipment and storage. as well as shipping sector. JSC “Ventspils nafta” is the Group’s parent company. which manages investments in subsidiary companies. by promoting the Group’s joint values and growth in value of each individual company.  

JSC “Ventspils nafta” owns 51% in ““Ventspils nafta” terminals” Ltd. which is the largest crude oil and petroleum product terminal in the Baltics; 66% in “LatRosTrans” Ltd. which is a Latvian-Russian joint venture; 49.94% in JSC “Latvijas kuģniecība”. which is among the leading ship owners in the world in the medium-sized and handy tankers category.

Shares of JSC “Ventspils nafta” (NASDAQ OMX RIGA: VNF1R) are quoted in the Baltic Official List of the stock exchange NASDAQ OMX Riga since October 20. 1998.

Further information:

Elīna Dobulāne. Communications Consultant

JSC “Ventspils nafta”

Telephone: +371-25959447

E-mail: elina.dobulane@vnafta.lv