Tuapse Sea Commercial Port JSC 1H net profit drops 3.3 times to RUB 1bn
RAS net profit of Tuapse Sea Commercial Port JSC (TSCP) in the first half of the year, January-June 2019 plummeted 3.3 times on the same period a year earlier to RUB 1,047,976,000, company financial statement showed.
TSCP's revenue for the same period grew by 17.6% to RUB 2,5 billion.
Tuapse Sea Commercial Port (TCSP Group) is the major terminal operator at the Port of Tuapse, one of Russia’s largest ports. TCSP is part of UCL Port, a stevedoring division of international transport group UCL Holding. UCL Port comprises Sea Port St. Petersburg JSC, Container Terminal Saint Petersburg CJSC, Universal Handling Terminal LLC based in the North-West of Russia, and Taganrog Commercial Sea Port in the South. The fleet of TCSP’s cargo handling equipment numbers 28 gantry cranes with lifting capacity 10 to 124 tonnes, 65 loaders and bulldozers. In 2018, the company handled more than 13 million tonnes of cargo.