Net profit of Murmansk Ocean Company under RAS made 123 mil rub in Jan-Mar 2007

Net profit of Murmansk Ocean Company under RAS made 123 mil rub in Jan-Mar 2007, that is 34.5% less then in Jan-Mar 2006, said in the company's announcement.
Revenues decreased by 7% to 1.57 bln rub, gross profit upped to 389.4 mil rub from 247.5 mil rub, pretax profit decreased by 8.5% to 174.7 mil rub.
Murmansk Ocean Company OJSC specializes on sea carriage of general cargos and passengers by its own fleet and the fleet of its subsidiaries and involved fleet.
Company's authorized capital stock makes 943.454 thd rub. The company issued 943454 common shares at 1 rub par. Principal shareholders are Federal Agency of Federal Property Management (25.5%) and Arctic Technologies Ltd (61.472%).