Sovcomflot IFRS net profit stands at $206 mln in July–September

MOSCOW, Nov 20 (PRIME) -- The net profit of Russian shipping company Sovcomflot amounted to U.S. $206 million in July–September, as calculated under Intenrational Financial Reporting Standards (IFRS), the company said in a statement on Monday.

The company did not provide a comparison of the results with the same period of the previous year because it did not publish a financial report for July–September 2022.

Revenue of Sovcomflot amounted to $543 million in July–September 2023.

In January–September of the year, the company posted a net profit of $702.2 million and the revenue of $1.8 billion.

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