Profit of JSC Ventspils nafta up 130% in H1 07, y-o-y
Public joint stock company Ventspils nafta Group consolidated net profit for the first-half year of 2007 reached LVL 9,6 million, increasing by 130% year-on-year.
Whereas the consolidated net turnover of JSC Ventspils nafta Group in the period from January to June of 2007 comprises LVL 43,7 increasing by 13% compared to the first half-year of 2006, company's press service reports.
”Operating results of JSC Ventspils nafta Group for the first half-year mark beginning of a new stage of development of the company with increased activity from the strategic investor of JSC Ventspils nafta and its direct involvement in development of transit arm of the holding company increasing respectively the business development prospects and ensuring value increase of the whole JSC Ventspils nafta Group”, emphasizes Olga Petersone, Chairperson of the Managing Board of JSC Ventspils nafta.
During the first half-year of 2007, Ventspils nafta terminals Ltd has handled nearly 7 million tons of crude oil and petroleum products delivered to the terminal by rail, diesel pipeline and sea. This amount is by 3.6 million tons more than in a respective period last year. Cargo amount in Ventspils nafta terminals Ltd is increasing since January, 2007 after having successfully started receiving of gasoil through petroleum products pipeline and promoting cooperation with the international oil transport and trading consortium Vitol being a shareholder of JSC Ventspils nafta and co-owner of Ventspils nafta terminals Ltd.
Whereas the consolidated net turnover of JSC Ventspils nafta Group in the period from January to June of 2007 comprises LVL 43,7 increasing by 13% compared to the first half-year of 2006, company's press service reports.
”Operating results of JSC Ventspils nafta Group for the first half-year mark beginning of a new stage of development of the company with increased activity from the strategic investor of JSC Ventspils nafta and its direct involvement in development of transit arm of the holding company increasing respectively the business development prospects and ensuring value increase of the whole JSC Ventspils nafta Group”, emphasizes Olga Petersone, Chairperson of the Managing Board of JSC Ventspils nafta.
During the first half-year of 2007, Ventspils nafta terminals Ltd has handled nearly 7 million tons of crude oil and petroleum products delivered to the terminal by rail, diesel pipeline and sea. This amount is by 3.6 million tons more than in a respective period last year. Cargo amount in Ventspils nafta terminals Ltd is increasing since January, 2007 after having successfully started receiving of gasoil through petroleum products pipeline and promoting cooperation with the international oil transport and trading consortium Vitol being a shareholder of JSC Ventspils nafta and co-owner of Ventspils nafta terminals Ltd.
