Oil terminal pays dividends despite downturn

  • 2003-07-10
  • Baltic News Service
RIGADespite financial difficulties, Ventspils Nafta shareholders have voted to distribute 40 percent of last year's profits as dividend income, a move which analysts said amounted to image polishing at a time when private shareholders are trying to reconcile with the government and find a strategic investor. The decision to pay dividends, the first in four years for Ventspils Nafta, of 1 million lats (1.5 million euros) was made at last week's shareholder meeting. Hansabank broker Janis Ogsts said the fact that the company had decided to pay 40 percent of its profit in dividends should be s...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.

In case you don't have a subscription yet - please visit our SUBSCRIPTION section