• 2015 June 1 12:37

  FESCO posts QI’15 net profit of $16 mln

  

  FESCO Transportation Group has announced its operational and consolidated financial results as per IFRS for three-month period ended March 31, 2015. In January-March, the Group’s net profit totaled  $16 mln against the loss of $13 mln a year ago, FESCO says.
  
  The Group’s revenue fell by 16% ti $204 mln. 
  
  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.

   

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