Vladivostok port RAS net profit jumps 80% to 10.5 bln rbl in 2021

MOSCOW, Apr 4 (PRIME) -- The net profit of Commercial Port of Vladivostok, part of Russia’s Far-Eastern Shipping Company (FESCO), jumped by around 80% on the year to 10.5 billion rubles in 2021, as calculated under Russian Accounting Standards (RAS), the company said in a report on Monday.

Revenue went up by 43.2% on the year to 20.8 billion rubles in 2021, while the gross profit gained 48.9% to 11.6 billion rubles and the sales profit soared by 60.3% to 9.6 billion rubles.

Long-term liabilities of Commercial Port of Vladivostok rose by 8.9% in the year to 25 billion rubles as of the end of 2020, while short-term liabilities decreased by 43.5% to 7.1 billion rubles.

(83.4285 rubles – U.S. $1)

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