Net loss of Sea Port of St. Petersburg down 20% in Q2 07, y-o-y

In the second quarter of 2007, net loss of Sea Port of St. Petersburg OJSC decreased by 20% against quarter 1 2007 to RUR 25.993 million, the company informs according to RBC. In the first quarter 2007, the port’s net loss made RUR 32.501 million. The company attributes the decrease to lower job cost and expansion of the range of services rendered by Sea Port of St. Petersburg (within the framework of the company reorganization), which resulted in higher receipts from services.