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2010 November 10   14:46

Vyborg Shipyard posts for Jan-Sept. net loss of 202,65m rubles vs income a year earlier

Net loss of Vyborg Shipyard (VSZ, Leningrad region), according to RAS for 9 months of 2010 amounted to 202 million 651 thousand rubles against net income of $ 1,227,076,000 rubles a year earlier, the company’s nine-month report said. Revenue for the period amounted to 7,849,754,000 rubles, down 2,7 times from revenue for the same period a year earlier.

Vyborg Shipyard specializes in construction of vessels of small and medium tonnage and drilling rigs for the development of marine and offshore fields. In addition, the enterprise is the investor of a new modern shipyard in Primorsk (Leningrad Region) capable of building large-capacity merchant vessels.

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