Net income of JSC Leningrad Shipyard Pella according to Russian Accounting Standards (RAS) for 9 months of 2011 jumped by more than threefold year-on-year, to RUB 339,095,000, the company’s financial statement said.
Pella's revenue for the period grew by nearly 3 times from a year earlier, to RUB 2,487,849.
JSC Pella Shipyard based in Russia’s Leningrad region was founded in 1950. In 1992 Pella was privatized as Pella Holding Co. comprising the head office and several subsidiaries. The shipbuilding firm specializes in building harbor tugs with rated power of 1,000-5,000hp, pusher tugs, escort tugs, pilot boats and rescue boats for Russian and foreign customers.