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2009 November 17   09:24

Net loss of Severnaya Verf Shipbuilding Plant OJSC (St.-Petersburg) up 2.9 times, Q I-III 2009

Net loss of Severnaya Verf Shipbuilding Plant OJSC (Severnaya Verf SP OJSC St.-Petersburg) increased by 2.9 times (to RUR 209.939 mln), witnessed accounting data of the enterprise. Company’s income decreased by 3 times (to RUR 6 bln 956.455 mln) in Janury-September, 2009 against the corresponding period of 2008.

As per the enterprise information, currency exchange rates change and change of uncompleted production volumes were the main factors that influenced the amount of income from sale of goods, execution of works, services and losses from the main business.

Severnaya Verf Shipbuilding plant (Severnaya Verf OJSC, St. Petersburg) founded in 1912 is one of the largest shipbuilding companies in Russia specialized in construction and repair of transport, industrial and auxiliary vessels. Major shareholders of the company are United Industrial Corporation CJSC (72.23%, affiliated with Mezhprombank) and RFFI (20.96%).

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