Net profit of Sovcomflot OJSC down 32.5% to RUB 513.1 mln in HI’13

In the first half of 2013, net profit of Sovcomflot OJSC Calculated under Russian accounting standards fell by 32.5%, year-on-year, to RUB 513,146,000, the company says.
Sovcomflot revenue dropped by 11.5% to RUB 1,068,838,000. Gross profit – RUB 677,152,000 (-23.9%), sales profit – RUB 677,152,000 (-23.9%), pre-tax profit – RUB 548,451,000. (-34.6%).
Sovcomflot Group is Russia’s largest shipping company and one of the world’s leading shipping companies specializing in the maritime hydrocarbons transportation and supporting continental shelf exploration and oil & gas production. The SCF fleet includes 160 vessels with a combined deadweight of 12.34 million tonnes. 7 vessels with total deadweight of 1.04 are under construction.
Source: Port News