icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Novorossiysk Commercial Sea Port posts 1H 2008 Net profit of $84.5 million

Novorossiysk Commercial Sea Port posts 1H 2008 Net profit of $84.5 million
Novorossiysk Commercial Sea Port has reported a Net Profit of $84.5 million under IFRS for 1H 2008

The result for Russia's largest volume port is up 200% on the $28.5 million Net Profit recorded over the same period 2007.  EBITDA for the half more than doubled to reach $183.3 million, on the back of Revenues of $314.6 million, up 59%.  The company attributed the results to the consolidation of its stevedoring operations, and a significant increase in higher margin cargoes as a percentage of its total cargo volumes.

Podcasts