Net income of JSC Leningrad Shipyard "Pella" in the first half of 2011 (to RAS) surged by 4.7 times compared with the same period of 2010, to RUB 285 072 000, the shipbuilder said.
The company's revenue jumped more than 11 times, reaching RUB 1 986 573 000.
Pella Shipyard was founded in 1950. In 1992 the state-owned enterprise was privatized and became Pella Holding Company comprising of the head office and a number of its subsidiaries. The company specializes in building tugboats for Russian customers.