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2008 May 16   07:43

RAS net profit of Petrolesport up 1.9 times to RUR 537.5 million in Q1 08

In the first quarter of 2008, net profit of Petrolesport OJSC under Russian Accounting Standard grew 1.9 times, year-on-year, to RUR 537.477 million, the company reports according to RBC. In the same period, the company’s revenue grew 1.4 times to RUR 1.075.940 billion.

Petrolesport OJSC is a stevedoring company of the Big Port of St. Petersburg. Its major shareholder is N-Trans group of companies (former Severstaltrans). Petrolesport specializes In transshipment of refrigerated, timber and general cargo as well as ferry cargo. Petrolesport container terminal operates from 1994. As of today, its annual capacity is 650,000 TEU. In 2007, the company handled 368,000 TEU.

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