First-quarter net income of the Leningrad Shipyard ‘Pella’, Pella OJSC shrank by 36.9% from Q1,09, to 60.355 million rubles, the Company financial statement said.
The Shipyard ended up Q4, 2009 with 248.040 million rubles net profit. The quarterly cutback was due to the decline in sales revenue, as a result of backlog of unfulfilled orders.
Since Jan.,2010 assets value of ‘Pella’ Shipyard has been up 15.79%, and as of April 1st, reached 1,963,388 rubles.
Leningrad Shipyard ‘Pella’ OJSC was founded in 1950. In 1992 the publicly owned enterprise became a private entity. The Shipyard has become part of a Holding with the head office, and a number of its subsidiaries.
The Shipyard ended up Q4, 2009 with 248.040 million rubles net profit. The quarterly cutback was due to the decline in sales revenue, as a result of backlog of unfulfilled orders.
Since Jan.,2010 assets value of ‘Pella’ Shipyard has been up 15.79%, and as of April 1st, reached 1,963,388 rubles.
Leningrad Shipyard ‘Pella’ OJSC was founded in 1950. In 1992 the publicly owned enterprise became a private entity. The Shipyard has become part of a Holding with the head office, and a number of its subsidiaries.