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Novoship earned RUB 5.194 million in 3-month RAS net profit

RAS net profit of PAO Novorossiysk Shipping Company (Novoship) for Q1 2018 was RUB 5.194 million against a loss of RUB 129.442 million the year before, the company reported.

Revenue increased by 11.05% to RUB 151.477 million from RUB 136.409 million, sales profit decreased by 20.49% to RUB 33.472 million from RUB 42.099 million, pre-tax profit was RUB 8.529 million against a loss of RUB 153.954 million for the same period in 2017.

PAO Novorossiysk Shipping Company (Novoship, tax number: 2315012204) is the second largest shipping company in the Russian Federation. Its vessels fly Russian, Maltese and Liberian flags. The company's fleet numbers 48 modern vessels. PAO Sovcomflot owns 89.46% of the company's authorized capital.

IFRS net loss of PAO Novorossiysk Shipping Company (Novoship) for 2017 was RUB 1.826 billion against a profit of RUB 2.689 billion the year before. Revenues from the charter and lease of vessels decreased by 16.79% to RUB 22.177 billion from RUB 26.652 billion, operating loss was RUB 1.235 billion against a profit of RUB 2.703 billion in 2016, loss before tax was RUB 1.396 billion against a profit of RUB 3.65 billion.

According to AK&M Information Agency's DataCapital information retrieval system, RAS net profit of the company for 2017 decreased 2.95 times to RUB 2.072 billion from RUB 6.121 billion the year before. Revenue increased by 3.17% to RUB 657.676 million from RUB 637.468 million, sales profit by 46.05% to RUB 99.199 million from RUB 67.922 million, pre-tax profit decreased 2.99 times to RUB 2.362 billion from RUB 7.066 billion.

"AK&M", 16.05.2018 14:49


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