Northern Shipping Company’s loss in 9M’17 exceeded RUB 70 mln against a profit in 4M’16

In January-September 2017, net loss of Northern Shipping Company OJSC totaled RUB 70.150 mln against a net profit of RUB 186.583 mln in January-September 2016, the Company says.

The Company’s revenue fell by 13.8% to RUB 2,183,830,000.

Gross profit totaled RUB 149.4 mln. 

Northern Shipping Company OJSC is among the largest shipping companies in the North-West Region of Russia engaged in maritime transportation of cargo all over the world including the Northern Sea Route. The Company’s fleet consists of multi-purpose dry cargo carriers with deadweight between 2,500 and 14,000 t. They carry all types of dry cargo including radioactive and hazardous cargo.