Net profit of Port Vanino OJSC calculated under Russian Accounting Standards down 3% to RUB 1 bln in HI’17

Commercial Seaport Vanino (Port Vanino OJSC, Khabarovsk Territory) says its net profit in HI’17 calculated under Russian Accounting Standards  declined by 3%, year-on-year, to RUB 1 bln.

Pretax profit fell from RUB 1,297,055,000 to RUB 1,259,053,000.

The company’s revenue dropped by 7.5% to RUB 1,784,494,000.

Commercial Seaport Vanino (Port Vanino OJSC) is one of the largest stevedoring companies at the port of Vanino. Apart from multi-purpose berths it operates ferry, container and alumina terminals as well as port fleet deployed for mooring operations, transportation of passengers and supply of ships with water. Shareholders of Port Vanino as of December 31, 2015: Opern Trade Ltd (Cyprus) – 17.76% of the authorized capital (23.68% of ordinary shares), Titan CJSC — 18.75% (24.99%), Statula Holdings Ltd (Cyprus) — 16.23% (21.64%).