Net profit of Tuapse Commercial Seaport up 2.5 times to RUB 1.1 bln in HI’2015

In January-July 2015, net profit of Tuapse Commercial Seaport totaled RUB 1.11 bln, up 2.5 times, year-on-year, the company says.

The company’s revenue increased by 52% to RUB 2.45 bln.

OJSC Tuapse Commercial Seaport (TCSP) is the major operator at the port of Tuapse, one of Russia’s largest ports. TCSP is part of UCL Port, a stevedoring division of international transport group UCL Holding. UCL Port comprises OJSC Sea Port St. Petersburg, CJSC Container Terminal Saint Petersburg, Universal Handling Terminal LLC based in North-West of Russia, and Taganrog port in the South. In 2014, Tuapse Commercial Seaport handled 13.1 mln t of cargo.