Net income of JSC Leningrad Shipyard Pella for the nine months period ended Sept, 30, 2010 decreased according to Russian Accounting Standards (RAS) two times as much from the same peroid a year earlier, to 111,645,000 rubles, the company’s financial statement said. Revenue for the period also fell 26.7% year-on-year, to 833,082,000 rubles. The income decline was primarily due to backlog of orders deliveries, the company said.
Shipyard Pella was founded in 1950. In 1992 the company was privatized as the Pella Holding Company comprising of head office and a number of subsidiaries. In 2009, Pella posted full-year net income of RUB 2,100,748,000, up 9.24 times year-on-year. Revenue also surged 2.9 times as much y-o-y to 2,100,748,000 rubles.
Shipyard Pella was founded in 1950. In 1992 the company was privatized as the Pella Holding Company comprising of head office and a number of subsidiaries. In 2009, Pella posted full-year net income of RUB 2,100,748,000, up 9.24 times year-on-year. Revenue also surged 2.9 times as much y-o-y to 2,100,748,000 rubles.