North-Western Shipping Company posts 2012 net profit of RUB 49.5 mln (down 25%, y-o-y)

Net profit of North-Western Shipping Company OJSC calculated under Russian Accounting Standards fell by 25.1% to RUB 49,449 mln in 2012, the company states in its press release. In the accounting period, the Company’s revenue increased by 7.6% to RUB 4,076,157,000. 

North-Western Shipping Company is the largest carrier in Russia’s water transport system, specializing in shipping import / export general cargo, bulk, dry loose and bulk cargoes, oversized cargo and vessels. The company’s fleet comprises about 102 cargo ships of total DWT 400,000 tonnes, including 81 mixed-sailing "river-sea” vessels, 8 barges, 7 tugs and 6 auxiliary ships. The NWS Company transports 6 million tonnes of different cargo a year. The Company is member of VBTH, a shipping division of UCL Holding.