Net profit of Vladivostok Sea Fishing Port (VladMorRybPort OJSC) for the first quarter of 2010 reached 4,542,000 rubles, a surge 19.1 times as much from the same period last year, the Company’s statement said.
Quarterly net income, however, showed a twofold cutback as compared the figures with Q4, 2009. The Company officials attributed the net operating income decline to the changes in freight nomenclature.
Vladivostok Sea Fishing Port OJSC is a stevedoring company operating at the Port of Vladivostok. GEOTEKS CJSC holds a 51.9% stake in the Company (54,4% of common stock), Asian Metal Resources Group - 26% stake (27.23% common stock), Far East Bank - 17.69% of commons stock.
Vladivostok Sea Fishing Port OJSC is a stevedoring company operating at the Port of Vladivostok. GEOTEKS CJSC holds a 51.9% stake in the Company (54,4% of common stock), Asian Metal Resources Group - 26% stake (27.23% common stock), Far East Bank - 17.69% of commons stock.