Novoship posts QI net profit of RUB 90 mln against loss in QI’12
In the first quarter of 2013, net profit of Novoship OJSC calculated under Russian Accounting Standards made RUB 89.992 mln against RUB 60.727 mln loss in the same period of the previous year, the company states.
In the accounting period, Novoship revenue climbed by 11% to RUB 206.18 mln.
Novorossiysk Shipping Company is Russia’s largest shipping company in the Black Sea region. The company’s fleet numbers 50 modern vessels with total deadweight exceeding 4.5 mln. Novoship tankers are 7.6 years old on average. The current market value of the company’s fleet is around USD 1.6 billion.