Port Vanino OJSC posts HI’13 net profit of RUB 302 mln, up over 3-fld

In the first half of 2013, net profit of Vanino Commercial Sea Port OJSC (Port Vanino) hit RUB 302.01 mln, up 3.3 times, year-on-year, the company says.

In January-June, the company’s revenue surged 1.5 times to RUB 1.135 bln. 

Vanino Commercial Sea Port OJSC is the largest stevedoring company of Khabarovsk region. It provides handling and forwarding services. Cargo is delivered via Vanino to the north-eastern regions of Russia, Japan, South Korea, China, Australia, USA and other countries of APR. The length of the port’s berthing line is about 2.5 kilometers. The berths occupied by three industrial complexes are equipped in compliance with their specialization. In 2012, the company’s net profit calculated under Russian accounting standards fell by 47%, year-on-year, to RUB 179.69 mln. The revenue remained steady at RUB 1.56 bln.