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VNF: Joint stock company Ventspils nafta pays almost 6 million lats to the state budget

Spekuliantai.lt | 2009-08-18 | NASDAQ OMX biržų naujienos | perskaitė: 1037
Raktiniai žodžiai: Ventspils nafta, VNF
VNF: Joint stock company Ventspils nafta pays almost 6 million lats to the state budget

Ventspils nafta Company Announcement 18.08.2009

Joint stock company Ventspils nafta pays almost 6 million lats to the state
budget

Joint stock company Ventspils nafta has paid more than LVL 5.9 million in
corporate income tax for 2008 this week to the state budget of the Republic of
Latvia. Payment of such a significant tax amount was made possible by the
strong financial results of Jsc Ventspils nafta for 2008, which reflected the
success in efficiently implementing the holding's basic function - efficient
asset management, including optimal sale of assets.

Profit of JSC Ventspils nafta Group's parent company in 2008 reached LVL 40.04
million, as assets outside the transit business industry were sold to Jsc
Latvian Shipping Company in a mutually beneficial transaction. In turn, in
accordance with the audited annual report of JSC Ventspils nafta for 2008, the
consolidated net turnover of JSC Ventspils nafta Group reached LVL 63.1 million
in 2008, with the Group's consolidated profit after tax amounting to LVL 29.7
million.

“We are truly gratified that despite the complicated conditions that Latvia and
the entire global economy is in, we have been able to gain considerable profit,
thereby ensuring also considerable payments to the state budget,” emphasizes
Chairperson of the Management Board for JSC Ventspils nafta Olga Pētersone.

JSC Ventspils nafta is the central holding company in a transit-oriented Group
whose task is to manage the investments in subsidiaries by promoting the
Group's joint values and growth in the value of each subsidiary individually.
JSC Ventspils nafta Group is working in the following directions: transshipment
of crude oil and petroleum products; transport of crude oil and petroleum
products by pipelines; shipping business.


JSC Ventspils nafta
For further information -
Gundega Vārpa,
Public Relations and Advertising Manager,
tel.: +371 67229182;
e-mail: [email protected];
www.vnafta.lv

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