Riga, 2015-02-26 08:07 CET (GLOBE NEWSWIRE) -- On Wednesday, February 25, JSC “Ventspils nafta”, which is one of the largest groups of companies in Latvia operating in transportation, transhipment and storage of petroleum products, and JSC “Latvijas kuģniecība” held a business update presentation for shareholders, investors and other interested people. During the presentation, the management of JSC “Ventspils nafta” and JSC “Latvijas kuģniecība” talked about the current events in the company, as well as analysed the unaudited financial results of 2014.
A full recording of live broadcast of the business update presentation of JSC “Ventspils nafta” and JSC “Latvijas kuģniecība” is available here: http://ej.uz/VN_LK_sniegums_2014, in turn the presentation demonstrated during the update is available in the appendix.
During the presentation, management of the JSC “Ventspils nafta” 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 “Ventspils nafta” and JSC “Latvijas kuģniecība”, Paul Thomas, member of the Management Board of JSC “Latvijas kuģniecība”, Lars Pantzlaff, Managing Director and member of the Management Board of ““Ventspils nafta” termināls” Ltd, as well as Igors Stepanovs, Managing Director and member of the Management Board of “LatRosTrans” Ltd.
The management of JSC “Ventspils nafta” and JSC “Latvijas kuģniecība” thanks everyone who participated in the business update presentation in presence and through the live internet broadcast.
About JSC “Latvian Shipping Company”
JSC “Latvian Shipping Company” (NASDAQ OMX RIGA: LSC1R) is among the biggest vessel owners in the segment of medium and handy size tankers and takes leading positions in terms of the transported amount of petroleum products among similar companies in Northern Europe. The company owns 16 modern vessels employing more than 500 professional and high-skilled seamen from Latvia. The average age of the LK fleet is 7 years. All of the vessels have received ISM (International Safety Management) certificates.
Additional information:
Elīna Dobulāne, Communication Consultant
JSC “Latvian Shipping Company”
Phone: +371 25959447
E-mail: elina.dobulane@vnafta.lv
www.lk.lv
