On Wednesday, February 25, JSC “Ventspils nafta”, which is one of the largest groups of companies in Latvia operating in transportation, transhipment and storage of petroleum products, and JSC “Latvijas kuģniecība” held a business update presentation for shareholders, investors and other interested people. During the presentation, the management of JSC “Ventspils nafta” and JSC “Latvijas kuģniecība” talked about the current events in the company, as well as analysed the unaudited financial results of 2014.
A full recording of live broadcast of the business update presentation of JSC “Ventspils nafta” and JSC “Latvijas kuģniecība” is available here: http://ej.uz/VN_LK_sniegums_2014, in turn the presentation demonstrated during the update is available in the appendix.
During the presentation, management of the JSC “Ventspils nafta” Group pointed out that market environment is still full of challenges because the geopolitical instability combined with a weak economic growth in Europe has impact on operation of petroleum product transportation companies.
Presentations of the Group companies were hosted by Robert Kirkup, Chairman of the Management Boards of JSC “Ventspils nafta” and JSC “Latvijas kuģniecība”, Paul Thomas, member of the Management Board of JSC “Latvijas kuģniecība”, Lars Pantzlaff, Managing Director and member of the Management Board of ““Ventspils nafta” termināls” Ltd, as well as Igors Stepanovs, Managing Director and member of the Management Board of “LatRosTrans” Ltd.
The management of JSC “Ventspils nafta” and JSC “Latvijas kuģniecība” thanks everyone who participated in the business update presentation in presence and through the live internet broadcast.
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 the largest Latvian-Russian joint venture in the Baltics; 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”
Phone: +371 25959447
Email: elina.dobulane@vnafta.lv
www.vnafta.lv
