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2009 November 11   10:36

Volga-Don Shipping Company net profit up by 1.7, Q I-III 2009

Net profit of Volga-Don Shipping Company OJSC (Rostov-on-Don, a part of group of companies Azov-Don Shipping Company) increased by 1.7 time (to RUR4.04 mln) under Russian Accounting Standards (RAS) within 9 months, 2009 as compared to the corresponding period figures of 2008, as of accounting data provided. In January-September, 2009 company income decreased by 8.7 times (to RUR 9,798,000,000 ) against corresponding figure of 2008.

Volga-Don Shipping Company OJSC provides international freight services ex ports of Russia, countries of the Azov, the Black, the Mediterranean, the Caspian, the Baltic and the North Seas The company’s fleet consists of bulkers of 86,000 tons cargo carrying capacity. Charter capital of  Volga-Don Shipping Company OJSC amounts to RUR156.720 thousand, it is divided into 3,134,400,000 ordinary shares of  5 kopeck par value. Federal Agency for Federal Property Management (Rosimucshestvo) holds 25.5% of the company’s charter capital, Taka Shiping Ltd (Liberia) – 29.47%.

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