OREANDA-NEWS. May 31, 2011. Consolidated net profit of the public joint stock company Ventspils nafta (VN) Group without financial result of associated company JSC "Latvijas kugnieciba" 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.