Sovcomflot says IFRS net profit slides 79.3% to $61 mln in 2021 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Sovcomflot says IFRS net profit slides 79.3% to $61 mln in 2021

MOSCOW, Mar 14 (PRIME) -- The adjusted net profit of Russian shipping company Sovcomflot decreased by 79.3% on the year to U.S. $61.1 million in 2021 on the back of robust performance in the industrial business segment, which balanced conventional tanker transportation volatility, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Monday.

The company said that it had achieved positive operating results in spite of the negative dynamics of the freight market.

(116.7517 rubles – U.S. $1)  

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14.03.2022 13:36
 
 
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