Emitents | Ventspils nafta, AS |
Veids | Citi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2012-08-28 14:56:09 |
Versijas komentārs | |
Teksts |
In the first half-year LatRosTrans Ltd (LRT) has worked with a profit of 670 thousand lats, which indicates to the company’s operation being put in order. For comparison – in the first half-year of 2011 the company had losses of 1.4 million lats. The company’s turnover was 5.7 million lats in the first half-year of 2012. In the first half-year of 2012, volumes of petroleum product
transport by pipeline were 2.9 million tons, which is 73% of the
pipeline’s transport capacity.
“The increase in the company’s profit results, whilst
the turnover and transhipment volumes remain constant, is
attributable to increased efficiency in the company’s operation. We
have optimized several technological processes and structure of
costs,” explains the Head of LRT Igors Stepanovs.
The Company’s growth tendency can be observed also in the
latest operating results of 7 months. The company’s turnover in the
7 months was 6.7 million lats, volumes of transported petroleum
products – 3.4 million lats, but the profit result reached 1.2
million lats. The profit increase compared to the same period last
year is 2.5 million lats (LRT had losses of 1.3 million lats in the
7 months of 2011).
About LatRosTrans
LatRosTrans Ltd owns two oil pipelines in the
territory of the Republic of Latvia – Polotsk-Mazeikiai and
Polotsk-Ventspils, and oil in these pipelines has not been pumped
for the last years. In turn the petroleum product pipeline
Polotsk-Ventspils currently still actively provides transport of
diesel.
LatRosTrans Ltd is the largest Latvian-Russian joint
venture in the Baltic States. The Russian partner – joint stock
company Transnefteprodukt (subsidiary of Transneft) owns 34% of the
company’s shares, while 66% of the shares are owned by joint stock
company Ventspils nafta (NASDAQ OMX RIGA: VNF1R).
Further information:
Ilze Nagla
Public Relations Manager
JSC Ventspils nafta
Tel.: +371-29267454, +371-67715914
E-mail:
ilze.nagla@vnafta.lv
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