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.