Russia’s FESCO net profit surges to $58 mln in January–June

MOSCOW, Aug 29 (PRIME) -- The net profit of Russia’s Far Eastern Shipping Company (FESCO) surged more than sevenfold on the year to U.S $58 million in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Monday.

Revenue fell 33% to $257.9 million and earnings before interest, taxes, depreciation and amortization (EBITDA) decreased 37% to $39.4 million.

For further details, please see the company’s report on its official Web site:

http://www.fesco.ru/en/investor/documents/reports/

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