Net profit of Novolesexport up 2.5 times to RUR 88.4 mln in 2008

  In 2008, net profit of Novolesexport OJSC increased 2.5 times to RUR 88.441 mln, the company states. In the reported period, earnings of Novolesexport increased by 52% to RUR 1.328 bln mainly due to a 33-pct increase of cargo transshipment to 3.465 million tonnes.

  Novolesexport OJSC is a multi-purpose port located in Novorossiysk, Russia's largest southern port (eastern shore of the Black Sea). The company specializes in transshipment of containers and timber.

Source: PortNews