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2009 November 13   07:09

Net profit of Vostochny port OJSC increased by 12.6 times, Q I-III 2009

Net profit of Vostochny Port OJSC increased by 12.6 times (to RUR279.951 mln) under Russian Accounting StandardsRAS within 9 months, 2009 as compared to the corresponding period of 2008 stated the accounting data of the enterprise. Company’s income increased by 30% (to RUR 1 bln 478.549 mln) in January-September, 2009 against 2008.

Among the factors that influenced the income change of the main company’s activity there were revenue rate deviation of cargoes transhipment and USD exchange rate change within 9 months, 2009.

Vostochny Port Joint Stock Company - is the largest stevedore company in the Far East of Russia. Its main specialization is coal handling using conveyer equipment.

Vostochny Port OJSC comprises Specialized Coal Complex and Universal Handling Terminal specializing in transshipment of general and bulk cargo (clinker, coal, coke, iron-ore concentrate, timber etc.). It also handles metal, cellulose, chemicals, long-size and heavy cargo.

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