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2009 June 4   10:29

Net profit of Taganrog Commercial Seaport down 14.4% to RUR 4.6 mln in Q1 09

In the first quarter of 2009, net profit of Taganrog Commercial Seaport fell by 14.4%, year-on-year, to RUR 4.612 mln, the company officially states.

In the reported period, the company’s sales revenue fell by 18.6%, year-on-year, to RUR 39.531 mln due to cargo turnover decrease.

As of March 31, 2009, major shareholders of Taganrog Commercial Seaport are Investment Company Libra Capital CJSC (65.27% of the authorized capital) and the Federal Property Management Agency (25.5%).

Taganrog Commercial Seaport OJSC is a stevedoring company of the port of Taganrog. Designed capacity of the port’s transshipment complex 1.5 – 2.0 million tonnes per year. TCS OJSC specializes in transshipment of ferrous and non-ferrous metal, ore, coal, alumina, containers and equipment.

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