FESCO swings to 20.5 mln rbl RAS net profit in 2022

MOSCOW, Apr 27 (PRIME) -- Russia’s Far-Eastern Shipping Company (FESCO) posted a 20.5 million ruble net profit in 2022 against a 3.633 billion ruble net loss in 2021, as calculated under Russian Accounting Standards (RAS), the company said in a report on Thursday.

Revenue rose 1.7 times to 7.703 billion rubles, while the gross loss increased 3.6% to 4.776 billion rubles, and the sales loss grew 9.6% to 5.875 million rubles. The pre-tax loss fell 93.8% to 246.661 million rubles.

Other income increased 2.7 times to 1.006 billion rubles. Income from participation in other organizations grew 4.3 times to 9.542 billion rubles. Other expenses increased 4.9 times to 4.475 billion rubles.

(81.6274 rubles – U.S. $1)

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