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2010 November 13   09:04

CPV’s net income soars 43%, to RUB 571.78m.

Commercial Sea Port of Vladivostok JSC (CPV) announced financial results for January-October of 2010. Net income of the company to Russian Accounting Standards for the period ended Oct. 30 made up 571,779,000 rubles or a 43-percent rise from nine months of 2009, the Company’s statement said. Revenue in Jan-Sept. amounted to 1,858,345,000 rubles, an increase of nearly 24% versus last year’s proceeds.

According to earlier reports, nine-moth throughput of CPV rose by 17% to 5,348,000 tons.

JSC Commercial Sea Port of Vladivostok, part of FESCO Transport Group, owns and operates assets at the sea port of Vladivostok, one of the largest seaports in the Russian Far East. CPV’s portfolio of assets includes 17 berths with facilities to transship grain, containerized cargoes, to handle passenger vessels, and imported cars. In 2009, CPV posted a year-over-year 4.9% throughput growth to 6,205,100 tons.

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