Sovcomflot IFRS net profit slides 91.7% to $20 mln in Jan–Sep

MOSCOW, Nov 16 (PRIME) -- The net profit of Russian shipping company Sovcomflot decreased by 91.7% on the year to U.S. $20.2 million in January–September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Tuesday.

Revenue went down by 10.7% to $1.2 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) fell by 32.2% to $507.3 million.

For further details, see the company’s statement on its official website:

https://www.sovcomflot.ru/en/press_office/press_releases/item105983.html

(72.2724 rubles – U.S. $1)

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