RAS net profit of Sea Port of Saint Petersburg up 24% to RUR 1 bln in 2008

In 2008, net profit of Sea Port of Saint Petersburg under Russian Accounting Standard climbed by 24%, year-on-year, to over RUR 1 bln, the company’s press center states.

In the reported period, the Group’s revenue increased by 18%, year-on-year, to RUR 4.7 bln, the Group’s balance profit was up 22% to RUR 1.4 bln.

In 2008, stevedoring companies of the Group handled 11 million tonnes of cargo.

Sea Port of St. Petersburg (Group of Companies) includes First Stevedoring Company CJSC, Second Stevedoring Company CJSC, Third Stevedoring Company, Forth Stevedoring Company CJSC, Multipurpose Transshipment Complex in Ust-Luga and a number of service companies.