Net profit of Severnaya Verf shipyard OJSC totaled RUR 410.103 million in January-September against RUR 1 234.409 million of net loss in the similar period of the previous year, the company’s report says. Gross profit amounted to RUR 4 778. 265 million against RUR 52.579 million in 2005. Pre-tax profit totaled RUR 679.481 million against pre-tax loss of RUR 1 634. 7 million in 9M05. The company’s revenue totaled RUR 15 651. 062 thou against RUR 164. 713 million in 2005.
Severnaya Verf shipyard OJSC is one of the largest shipbuilding companies of Russia. Current order backlog of the company exceeds $2 billion. Major orders are construction of naval destroyers of 956ЭМ project for Chinese Navy and corvettes of 20380 project for Russian Navy. Major shareholders of the company are United Industrial Corporation CJSC (72.23%, affiliated with Mezhprombank) and RFFI (20.96%). The authorized capital of Severnaya Verf amounts to RUR 147.825 thou divided into 147.825 thou shares with a nominal value of 1 ruble each.