Net profit of Vyborg Shipyard amounted in the third quarter of 2006 to RUR 56.261 million rubles against RUR 9.4-million loss of the second quarter 2006, the company reports. The company attributes the result to sale of major product.
Vyborg Shipyard OJSC specializes in construction of offshore platforms for development of shelf fields, low and average capacity vessels. The authorized capital of Vyborg Shipyard amounts to RUR 213.684 thou divided into 373.948 thou of ordinary shares and 53.420 thou of preferred shares with nominal value of RUR 0.5 each. AKO BARSS Group CJSC holds 75.6% of the yard’s shares.