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2008 April 17   06:07

Ventspils nafta consolidated net profit up 17.1% to LVL 82 million in 2007

According to the audited consolidated report of JSC Ventspils nafta Group for 2007, consolidated net profit of the public holding JSC Ventspils nafta has reached 49.6 million lats. Net turnover of the JSC Ventspils nafta Group has exceeded 82 million lats in 2007, which is 12 million lats more than in 2006.

Ventspils nafta terminals Ltd comprises 48.3% of the total amount of cargoes handled through the port of Ventspils in 2007. During the reporting period, operating results of Ventspils nafta terminals Ltd have more than doubled due to activity of the new co-owner with the transhipment amount exceeding 10 million tons for the first time since 2003. The transshipment volume of Ventspils nafta terminals Ltd increased by 133.3% last year compared to year 2006, reaching 13.3 million tons of crude oil and petroleum products transported through the terminal by railway, sea and diesel pipeline.

As of April 16, $1 is equal to LVL 0.444 according to Latvian Bank.

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