Ventspils nafta reports a profit for the first 9 months despite a significant impact from currency exchange rate fluctuations

The financial results of joint stock company (JSC) Ventspils nafta for the nine month period in 2009 have been impacted by the operating results of the Group companies, all of which have been operating in markets affected by the global economic crisis and international competition. In spite of these external factors, the consolidated net turnover of JSC Ventspils nafta Group was LVL 53.4 million for the period January-September, 2009, but net profit was LVL 0.7 million, reported BC Gundega Vārpa, JSC Ventspils nafta Public Relations and Advertising Manager.... Read more...