Petrolesport quarter profit down 10.4 percent to RUB 493.45m

Net income of JSC Petrolesport (PLP), according to Russian Accounting Standards (RAS) for the first quarter period ended March 31, 2012 decreased by 10.4% compared to the same period in 2011, to RUB 493,446,000, the company’s report said.

Revenue for the same period rose 2.1% to RUB 1,384,039,000.

Petrolesport (PLP JSC), part of Global Ports Group, is a stevedoring company operating at the Big Port of St. Petersburg. The company provides services for handling a broad range of goods (refcontainers, Ro-Ro cargo, timber, general cargo). PLP JSC is a leading private company by container traffic volume in the North-West region of Russia.