February 25, 2013 [SeeNews] - Latvian crude oil and petroleum product transshipment company Ventspils Nafta Terminals, or VNT, said Friday its profit rose by 23% year-on-year to LVL 10.4 million (USD 19.6m/EUR 14.9m) in 2012.
Revenue amounted to LVL 60.4 million. The company, 51%-owned by JSC Ventspils nafta, transshipped over 12 million tonnes of oil products.
In 2012, the Ventspils Nafta terminal handled 48% of the total liquid cargo in Latvia, it said.
For 2013, VNT aims to remain at an average profit level seen over the last three years and amounting to between LVL 8 million and LVL 9 million, general director Lars Pantzlaff said. The operator also aims to achieve a cargo throughput of at least 10 million tonnes.
Further, VNT plans to invest LVT 3 million in the upgrade of the terminal. In January 2013, VNT transshipped over 1 million tonnes of cargo.
