Net profit of Taganrog Commercial Seaport under RAS makes 9.2 mil rub in 2006

Net profit of Taganrog Commercial Seaport OJSC under RAS made 9.2 mil rub in 2006, that is 8.5% less then in 2005, the company's announcement states according to AK&M.
Revenues decreased by 14.3% to 249.4 mil rub, gross profit - to 30.2 mil rub from 32.4 mil rub, pretax profit - by 4.3% to 17.6 mil rub.
Taganrog Commercial Seaport was founded in 1997, specializes on handling works.
Its authorized capital stock makes 837.709 thd tons. Principal shareholders are Federal agency of federal property management (25.5%) and Chupit Limited (54.65%)
Cargo turnover made 1.656 mil tons, that is 12% less then in 2005.

Taganrog Commercial Seaport OJSC is a stevedoring company of the port of Taganrog. The authorized capital of Taganrog Commercial Seaport OJSC amounts to RUR 837.709 thou rubles. It is divided into 628.282 thou ordinary and 209.427 thou preferred shares with a nominal value of 1 ruble each. The state owns 25.5% of the Company’s authorized capital, Dizhen LLC – 39.83%, VMV Trade System LLC – 9.98%.
TCS OJSC specializes in transshipment of ferrous and non-ferrous metal, ore, coal, alumina, containers and equipment. The Company comprises five cargo berths with a total length of 849 meters and depth from 4.5 to 5.0 meters. Design capacity of the transshipment complex is 1.5 – 2.0 million tons per year.