Pella Shipyard’s net income down 29.4% to RUB 333m

Net income of JSC Leningrad Shipyard "Pella" for 2010 decreased year-over-year by 29.4% to RUB 333,125,000, the company’s statement said.

According to the company, the financial results were due to seasonal reduction of sales revenue. The 4th quarter net income of Pella Shipyard totaled RUB 221,480,000.

JSC Leningrad Shipyard "Pella" (Leningrad region) specializes in building docking tugs with rated power of 1,000-5,000hp, pusher tugs, escort tugs, pilot boats and rescue boats.