MNP group (Marine and Oil Projects) is an international company managing projects in shipbuilding and engineering of offshore drilling platforms. MNP Group incorporates Russian leading shipyards: Krasnoye Sormovo Shipyard (Nizhniy Novgorod), Nizhegorodskiy Teplokhod Shipyard, Volgograd Shipyard, Astrakhan III Int. Shipyard, Lotos Shipyard (Astrakhan region), Volgo-Caspian Design Bureau (Nizhniy Novgorod), CDB Corall (Ukraine) and Friede & Goldman (USA). In 2006, total sales of MNP group made $251 mln.
Krasnoye Sormovo Shipyard RAS net profit made RUR 203.9 million
In 2006, net profit of Krasnoye Sormovo Shipyard (MNP group, Nizhniy Novgorod) totaled RUR 203.9 mln under Russian Accounting Standard (6.9 times decrease, year-on-year) AK&M reports. The company’s revenue decreased 2.3 times to RUR 2.8 bln. Gross profit totaled RUR 564.4 mln against RUR 2.9 bln in the same period of 2006. Pre-tax profit of the company fell 6.2 times to RUR 288.9 mln against RUR 1.8 bln.