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MOSCOW, Oct 23 (PRIME) -- The net profit of Russia’s Novorossiysk Commercial Sea Port (NCSP) more than quadrupled on the year to 45.56 billion rubles in January–September, as calculated under Russian Accounting Standards (RAS), the company said in a statement on Wednesday.
Revenue rose 0.5% to 21.37 billion rubles.
In late April, NCSP closed a sale of Novorossiysk Grain Terminal to VTB Bank for U.S. $547.8 million.
The company’s gross profit rose 0.7% to 14.127 billion rubles in January–September, while the pretax profit jumped to 54.96 billion rubles.
Long-term liabilities decreased 18% in the period to 47.2 billion rubles as of September 30, while short-term liabilities fell 1.2% to 20.4 billion rubles.
(63.6336 rubles – U.S. $1)
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