RAS net profit of Port Vanino makes RUR 86.6 million in H1 07
In January-June 2007, net profit of Port Vanino OJSC under Russian Accounting Standard totaled RUR 86.6 million (2.2 times more as compared to the result of H1 06), the company’s press center reports according to AK&M. In the reported period the company’s revenue amounted to RUR 637.1 million. Throughput of the port of Vanino grew by 3.1% to 3.228 million tonnes in H1 07, y-o-y. Export totaled 1.71 million tonnes including 1.049 million tonnes of timber (+8.3%), 289.9 thou tonnes of coal (+37.9%). Import amounted to 505.2 thou tonnes (+20.1%), including 485.5 thou tonnes of alumina. Transportation of coastal trade cargo amounted to 164.5 thou tonnes (-4.7%). 851.9 thou tonnes of cargo were transported via Vanino-Kholmsk ferry link (+1.7%).
Vanino Commercial Seaport is the largest stevedoring company at Khabarivsk region. It provides handling and forwarding services. Cargo is delivered via Vanino to the north-eastern regions of Russia, Japan, South Korea, China, Australia, USA and other countries of APR. The company’s major shareholder is the Federal Property Management Agency controlling 55% of shares. In 2006, the port’s net profit fell by 46.6% to RUR 64.2 million. Pre-tax income decreased by 45.9% to RUR 87.233 million. Revenue grew by 3.7% to RUR 1.08 billion, cost-price – by 11.4% to RUR 982.6 million. In 2006The port’s throughput grew by 4.4% to 6.428 million tonnes.