VNF: Recording from the business update presentation of JSC ôVentspils naftaö and JSC ôLatvijas kugniecibaö about performance in 2014
During the presentation, management of the JSC ôVentspils naftaö 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 ôVentspils naftaö and JSC ôLatvijas kugniecibaö, Paul Thomas, member of the Management Board of JSC ôLatvijas kkugniecibaö, Lars Pantzlaff, Managing Director and member of the Management Board of ôôVentspils naftaö termin?lsö Ltd, as well as Igors Stepanovs, Managing Director and member of the Management Board of ôLatRosTransö Ltd.
The management of JSC ôVentspils naftaö and JSC ôLatvijas kugniecibaö thanks everyone who participated in the business update presentation in presence and through the live internet broadcast.
About JSC ôVentspils naftaö
JSC ôVentspils naftaö 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 ôVentspils naftaö is the Groupĺs parent company, which manages investments in subsidiary companies, by promoting the Groupĺs joint values and growth in value of each individual company.
JSC ôVentspils naftaö owns 51% in ôôVentspils naftaö terminalsö Ltd, which is the largest crude oil and petroleum product terminal in the Baltics; 66% in ôLatRosTransö Ltd, which is the largest Latvian-Russian joint venture in the Baltics; 49.94% in JSC ôLatvijas kugniecibaö, which is among the leading ship owners in the world in the medium-sized and handy tankers category
Shares of JSC ôVentspils naftaö (NASDAQ OMX RIGA: VNF1R) are quoted in the Baltic Official List of the stock exchange NASDAQ OMX Riga since October 20, 1998.