Net profit of Murmansk Shipping Company OJSC (MSCO OJSC) decreased by 1.5 time (to RUR280.228 mln) under RAS within 9 months, 2009 as compared to the corresponding period figures of 2008. Company’s income decreased by 33.3% in January-September, 2009 against corresponding period figures of 2008.
MSCO financial performance showed significant decrease as of Q I-III 2009 results which is related to the consequences of the word financial crisis including freight rates reduction.
Murmansk Shipping Company OJSC is a highly integrated corporate structure comprising the fleet of three Russian shipping companies: Murmansk Shipping Company OJSC, Northern River Shipping Company OJSC of overall deadweight of about 1.2 mln tons. Murmansk Shipping Company OJSC is included into the list of strategic enterprises and strategic joint-stocks under the RF President order dated August 4, 2004. RF share in its charter capital amounts to 25.5%.
MSCO financial performance showed significant decrease as of Q I-III 2009 results which is related to the consequences of the word financial crisis including freight rates reduction.
Murmansk Shipping Company OJSC is a highly integrated corporate structure comprising the fleet of three Russian shipping companies: Murmansk Shipping Company OJSC, Northern River Shipping Company OJSC of overall deadweight of about 1.2 mln tons. Murmansk Shipping Company OJSC is included into the list of strategic enterprises and strategic joint-stocks under the RF President order dated August 4, 2004. RF share in its charter capital amounts to 25.5%.