Net Profit of Krasnoye Sormovo up 14.2% to RUB 488.07 mln

In 2015, net profit of Krasnoye Sormovo  shipyard (Nizhny Novgorod, United Shipbuilding Corporation) totaled RUB 488.07 mln (+14.2%, year-on-year), the company says.

In the reported period, the company’s revenue increased 1.8 times to RUB 7.567 bln.

Krasnoye Sormovo OJSC is one of Russia's oldest shipyards.  It was founded in 1849. In 2011, it entered the United Shipbuilding Corporation. The shipyard is Russia’s leader in construction of civil river and sea-and-river going vessels. Some of Krasnoye Sormovo ships are in the list of Significant Ships of RINA (Royal Institution of Naval Architects).