In 2007, net loss of Sea Port of Saint Petersburg amounted to RUR 80.58 million against the profit of RUR 26.2 million in 2006. According to the company’s materials, net profit of the forth quarter grew by 4.12%, year-on-year, to RUR 30.57 million.
Sea Port of Saint Petersburg OJSC (Morport SPb) is the largest stevedoring company of the port of St. Petersburg. It was incorporated as a joint stock company in August 1995. In 2006 the Group’s companies handled 11.8 million tonnes of cargo. The Group’s share in cargo turnover of the Big Port was 22%.