Net profit of Yugtranzitservis OJSC in the first half of 2006 amounted to 19.67 million rubles
Net profit of Yugtranzitservis OJSC in the first half of 2006 amounted to 19.67 million rubles against 90 thou rubles of the first half of 2005. This information is provided at the company’s report. Gross profit decreased by a factor of 3.1 amounting to 463 thou rubles рублей. Profit before tax is 25 857 thou rubles against 2 810 thou rubles the first half of 2005. Company’s revenue over the first six months amounted to 28 097 thou rubles, a decrease by 22.7% as compared with January-June of the previous year.
Yugtranzitservis OJSC is a vertically-integrated holding, basic specialization of which is export of grain and agricultural production. Revenue as per Russian Accounting Standards (RAS) amounted in 2005 to $ 446 million, a gain of 79.5 % as compared with financial results of 2004 ($248.5 million). EBITDA result over 2005 is $ 30.9 million. Over agricultural year 2005/2006 the company exported about 3.2 million tons of grain from Russia, Ukraine and Kazakhstan.