HI’2016 net loss of Lena United River Shipping Company down 1.4 times to RUB 387.1 mln

In HI’2016, net loss of Lena United River Shipping Company calculated under Russian Accounting Standards reduced 1.4 times, year-on-year, to RUB 387.1 mln. The company’s revenue grew 1.6 times to 1 bln 81 mln 649 roubles.

Lena United River Shipping Company is the only transport company operating in the Arctic area of the republic of Sakha (Yakutia). It transports freight and passengers along inland water ways and the sea routes. The company owns and operates a fleet of more than 350 units, including cargo ships, tugs, passenger and support vessels with the total capacity of 450,000 GT. The Republic of Sakha government has a majority stake in the shipping company.