Net profit of Commercial Port of Vladivostok up 1.9 times to RUB 827.86 mln in QI'15

In January-March 2015, net profit of Commercial Port of Vladivostok OJSC calculated under Russian Accounting Standards climbed 1.9 times, year-on-year, to RUB 827.86 mln, the company’s release says.

The company’s revenue increased 1.3 times to RUB 1.77 bln. 

Commercial Port of Vladivostok OJSC (part of FESCO Transportation Group) is the largest stevedoring company at the port of Vladivostok. It provides services in handling general, bulk, ro-ro and containerized cargo. Commercial Port of Vladivostok has 15 berths with a total length of more than 3 km.  In 2014, the port handled over 500,000 TEUs.

FESCO Transportation Group is one of the leading privately-owned transportation and logistics companies in Russia with operations in ports, rail, integrated logistics and shipping business. Diversified but integrated asset portfolio enables FESCO to provide door-to-door logistics solutions and control almost all steps of the intermodal transportation value chain. FESCO Group owns Commercial Port of Vladivostok OJSC, railway operator Transgarant, and Russkaya Troyka (50% joint venture with Russian Railways OJSC). FESCO operates a container park of over 36,000 containers and a fleet of 22 vessels, mostly deployed through own sea service lines, and 4 icebreakers leased under long-term contracts.