Novoship 9M06 net profit up 16%

Net profit of Novoship OJSC (Novorossijsk Shipping Company) amounted to $140 million in 9 months of the year, which exceeds 2005 result by $19 million, or by 16% (without sales profit), the company reports. Operational profit of the company is similar to that of the same period in 2005. Average numerical strength of the company’s fleet grew by 6% over the reported period against similar period of the previous year.