Net profit of Vostochny Port OJSC up 3.3 times to RUUB 1.33 bln in Jan-Sep’14
In January-September 2014, net profit of Vostochny Port OJSC surged 3.3 times, year-on-year, to RUB 1.33 bln. According to the company materials, the revenue in the reported period increased 1.6 times to almost RUB 3.67 bln.
JSC Vostochny Port is the major stevedoring company of Russia specializing in coal transshipment. As of today, export coal (mainly coal mined in Kuzbass) accounts for 98.5% of the company’s turnover with 1.5% of the coastal trade coal and 0.01% of other cargoes. The company’s assets include a Specialized Coal Terminal with conveyer equipment system and railcar unloading station and a Universal Handling Terminal which specializes in clamshell coal handling. The Terminals’ annual capacities are 14.2 mln tonnes and 3 mln tonnes respectively. In 2012, Vostochny Port commenced the construction of the Third phase of the Coal Terminal. Managing Port Company LLC is the sole executive body of Vostochny Port OJSC.