Seaport St. Pb posts H1 profit of RUB 383.68m
Net income of JSC Sea Port St. Petersburg (Morport St. Pb) for the first half of 2012 according to Russian Accounting Standards (RAS) amounted to RUB 383,068,000 versus the loss of RUB 14,822,000 a year earlier, the company's statement said.
Revenue for the reporting period tripled to RUB 1,977,956,000.
Previously published data on the net income decrease was incorrect.
JSC Sea Port St. Petersburg, a member of UCL Port combining stevedoring assets of UCL Holding, is the largest port operator, specializing in handling all types of dry cargo in Big Port St. Petersburg. The stevedore operates modern specialized terminals for handling Ro-Ro cargo, imported vehicles and metals. In 2011, cargo throughput at the terminals of Sea Port St. Petersburg was 7.4 million tons.
