Net loss of OJSC Severnaya Verf Shipyard (to Russian Accounting Standards) in the I quarter of 2011 decreased by 56.1% compared to January-March 2010, to RUB 325,177,000, the company’s press service said. Revenue for the period surged nearly threefold, to RUB 2,676,391,000. Profitability of sales amounted to 0.11% vs. -64.54% a year earlier.
OJSC Shipbuilding Plant "Severnaya Verf" is one of the leading companies of the Russian defense industry. Since 2004, the enterprise has been part of Moscow-based United Industrial Corporation. The shipyard specializes in construction of warships and commercial vessels of various purposes. In 2010, net loss of the company (RAS) was RUB 982,677,000, revenue – RUB 10,387,796,000.
OJSC Shipbuilding Plant "Severnaya Verf" is one of the leading companies of the Russian defense industry. Since 2004, the enterprise has been part of Moscow-based United Industrial Corporation. The shipyard specializes in construction of warships and commercial vessels of various purposes. In 2010, net loss of the company (RAS) was RUB 982,677,000, revenue – RUB 10,387,796,000.