Net profit of Far Eastern Shipping Company up 7.6 times to RUB 865.5 mln in 2012
In 2012, net profit of Far Eastern Shipping Company OJSC calculated under Russian Accounting Standard reached RUB 865.5 mln, which is 7.6 times as much as in the previous year, the company states.
The revenue of Far Eastern Shipping Company fell by 29.2% to RUB 1.99 bln.
OJSC Far Eastern Shipping Company is the basic company of FESCO Transportation Group. It specializes in transportation of dry bulk and general cargo. The company’s fleet transports cargo all over the seven seas. Summa and GHP Groups indirectly own 49.99% and 23.75% of FESCO shares.