Revenue of Sovfracht-Sovmortrans Group up 32% to RUB 8.3 bln in QI’2016
In January-March 2016, the revenue of Sovfracht-Sovmortrans totaled RUB 8.3 bln, up 32%, year-on-year, the Group says.
The Group’s profit before tax, depreciation and interest on loans surged by 94% to RUB 700 mln.
Sovfracht-Sovmortrans Group (Russia) is an independent transport and logistics holding established in 1929. The Group provides railway, road, sea and river transportation services. Sovfracht-Sovmortrans Group has a unique experience in transportation of oversized cargo all over the world including Arctic region. In 2015, the company acquired 20% of Northern Shipping Company.