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2009 July 28   11:36

Net profit of Port Vanino OJSC up 15% to RUR 67.7 mln in H1 09

In the first half of 2009, Port Vanino OJSC (Khabarovsk territory) increased by 15% to RUR 67.699 mln, the company’s statistics states. In the second quarter of the year, the company’s net profit increased by almost 2.5 times against the first quarter due to “unstable cargo flow”.

Vanino Commercial Seaport OJSC is the largest stevedoring company of Khabarovsk region. It provides handling and forwarding services. Cargo is delivered via Vanino to the north-eastern regions of Russia, Japan, South Korea, China, Australia, USA and other countries of APR. In 2008 the company handled 6.621 million tonnesofcargo. In January-June 2009, the company handled 2.942 million tonnes of cargo (-14.7%, year-on-year). As of June 3, 2009, 73.33% of the company’s ordinary shares are held by the state in the person of Federal Property Management Agency.

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