Net profit of Sea Port of St. Petersburg totals RUR 41.2 mln

In January-September, 2008, net profit of Sea Port of St. Petersburg OJSC amounted to RUR 41.219 million against a loss of RUR 111.152 million a year ago, the ports materials read.

In the reported period, the company’s revenue totaled RUR 931.006 million (up 1.3 times), gross profit – 1.4 times to RUR 108.530 million.

Sea Port of St. Petersburg OJSC (Morport SPb) is the largest stevedoring company of the port of St. Petersburg. The shareholders of the company are structures representing Novolipetsk Integrated Iron and Steel Works OJSC (NLMK). Morport SPb is the company managing a group of stevedoring companies: First Stevedoring Company CJSC, Second Stevedoring Company CJSC, Forth Stevedoring Company CJSC and a number of service companies.

Source: Portnews