OREANDA-NEWS. JSC Ventspils nafta and its subsidiaries finished the first quarter of this year with a net profit in the amount of EUR 10.81 million, which is 53.1% more than in the first quarter of 2013, when it was EUR 7.06 million. In turn the consolidated income in the reporting period was EUR 47.38 million.

The income of Ventspils nafta terminals Ltd increased by EUR 2.67 million to EUR 24.94 million, the reason for that was a slight rise in petroleum product transshipment volumes to 3.44 million tons. Net profit reached EUR 3.6 million.

Income of LatRosTrans Ltd in the reporting period was EUR 5.1 million, in turn net profit was EUR 1.77 million. The company reloaded 1.76 million tons of petroleum products in the first quarter of this year.

The total income of JSC Latvijas kugnieciba and its subsidiaries was USD 23.66 million, in turn net profit was USD 7.26 million.

The management of JSC Ventspils nafta points out that in the first quarter of this year the Group's companies reached the expected income and profit forecasts.

Enclosed: unaudited condensed interim consolidated financial statement for the first quarter of 2014.