• 2016 March 28 17:37

  Net profit of Yantar Shipyard up 1.8 times to RUB 1.2 bln in 2015

  

  In 2015, net profit of Yantar Shipyard (Kaliningrad Region, United Shipbuilding Corporation) calculated under Russian Accounting Standards totaled RUB 1.2 bln, up 1.8 times, year-on-year, the company says.
  
  The shipyard’s revenue fell 1.3 times to RUB 20.9 bln.
  
  Kaliningrad-based Baltic Shipbuilding Plant “Yantar” (Yantar Shipyard) was founded on July 8,1945 on the basis of a Koenigsberg unit of German’s Schichau Werft. Yantar Shipyard specializes in building and repair of warships and civil boats. Throughout the years the Shipyard has built 160 warships and more than 500 merchant vessels. The Russian Government holds majority stake in the shipbuilding firm through Western Center of Shipbuilding, a subsidiary of state-owned United Shipbuilding Corporation.

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