Net income of JSC Vanino Commercial Sea Port for the first half of 2011 increased by 1.7 times compared to the same period of last year, to RUB 123.63 million, the stevedore company said.
Revenues rose 7.4% to RUB 762,775,000. Port Vanino’s profit growth is associated with changes in the cargo nomenclature, the company said.
JSC Vanino Commercial Sea Port (Port Vanino) is the major operator of Port of Vanino (Khabarovsk Territory). The port is a gateway for trade flows between Russia and Japan, South Korea, China, Australia, USA and other countries of Asia Pacific Region. Vanino also handles imports shipped to the northern regions of Russia. The port operates the waterfront of about 2.5-km with three specialized cargo handling facilities. In 2010, cargo throughput of Port Vanino rose to about 6 million tons (+0.2% yoy).