Krasnoye Sormovo shipyard posts 9M'13 net profit of RUB 419 mln

In January-October, 2013, net profit of Krasnoye Sormovo OJSC calculated under Russian Accounting Standards dropped by 11%, year-on-year, to RUB 419,162,000, the company announced. The shipyard’s revenue reduced 3.8 times to RUB 1,681,339,000.

Krasnoye Sormovo OJSC is one of Russia's oldest shipyards.  It was founded in 1849. In 2011, it entered the United Shipbuilding Corporation. The shipyard is Russia’s leader in construction of civil river and sea-and-river going vessels.