Consolidated net profit of the public joint stock company Ventspils nafta (VN) Group without financial result of associated company JSC "Latvijas kuģniecība" for 1st quarter of 2011 has reached 2.3 million lats in the first quarter of 2011 with the Group's consolidated net turnover of 16.7 million lats in the first three months.

In the first quarter of 2011, VN has continued its cost reduction programme and to work on developing and implementing a new VN management services policy and on increasing the company’s interest income from deposits.

Joint Stock Company Ventspils nafta is the central holding company in a transit-oriented Group whose task is to manage the investments in subsidiaries by promoting the Group's joint values and growth in the value of each subsidiary individually. JSC Ventspils nafta Group is working in the following areas: transshipment of crude oil and petroleum products; transport of crude oil and petroleum products by pipelines; shipping.
 

Ventspils nafta

Zane Bojāre
JSC „Ventspils nafta” PR Manager
E-mail: zane.bojare@vnafta.lv
Phone.: 67821691; 29706733