Net profit of Vladivostok Sea Fishing Port down 3 times to RUR 218,000

In the first quarter of 2009, net profit of Vladivostok Sea Fishing Port OJSC fell 3.1 times to RUR 218,000, the company officially states.

In the reported period, the company’s earnings fell by 22.5% to RUR 220.031 mln.

Vladivostok Sea Fishing Port OJSC is a stevedoring company operating in the port of Vladivostok. The company’s major shareholders are Geoteks CJSC – 51.9% (54.4% of the company’s ordinary shares), Asian Metal Resources Group - 26% (27.23%). 17.69% of the company’s shares are under nominal shareholding of Far Eastern Bank.