Net profit of Sea Port Saint Petersburg up 5.5 times to RUR 42.1 mln in Q1 09

In the first quarter of 2009 Sea Port of Saint Petersburg increased its net profit 5.5 times, year-on-year, to RUR 42.125 mln, the company states.

In the reported period, the company’s earnings totaled RUR 345.181 mln (+20.7%, year-on-year).

In 2008, net profit of the company amounted to RUR 47.458 mln against RUR 80.579 mln of loss a year ago.

Sea Port of Saint Petersburg OJSC is the largest group of stevedoring companies in both Big Port of St. Petersburg and in the North West region of Russia.