JSC Sea Port Saint-Petersburg (JSC Sea Port St.Pb) reports a 6.3% net profit decline y-o-y under Russian Accounting Standards (RAS) for the first half year period ended 30 June 2016 to RUB 1,024,009,000.
The stevedoring company reported a 4.9% growth in revenue to RUB 3,066,000,165, and a 6.6% gain in gross profit to RUB 1,810,309,000, pre-tax profit shrank by 6% to RUB 1,292,671,000.
JSC Sea Port St. Petersburg (part of UCL Port, a stevedoring division of the international transport group UCL Holding) is the largest stevedore handling all types of dry cargo in Big Port St. Petersburg. The stevedore operates modern multipurpose terminals for general and bulk cargoes, and dedicated Ro-Ro terminals. In 2015, the port operator's cargo volume reached 7.9 million tonnes.