In Jan-Sep 08 2008, net profit of Volga Shipping OJSC (Nizhni Novgorod) totaled RUR 452.514 million (+13.86%, year-on-year), the company reports.
In the reported period, the company’s revenue climbed by 19.83%, year-on-year, to RUR 3.428.414 billion, pre-tax profit – by 11.98% to RUR 602.638 million, NTA-Provolzhje reports.
The authorized capital of Volga Shipping makes RUR 1.001.550 billion divided into 482,106 preferred shares of А-type and 1,520,994 ordinary shares with nominal value of RUR 500 each. Volga-Fleet OJSC and North Western Shipping Company (St. Petersburg) are parts of Volga-Baltic Company.