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Sovkomflot BOD holds sitting Dec. 10.

Sovkomflot BOD is going to consider the 2014 financial plans and 2016 forecast, the company informed.

The actualization of the strategy and preparation to the privatization of some portion of the stocks, target patterns of the efficiency and some other issues should be discussed.

Sovkomflot Group is the largest shipping company in Russia and one of the leading in the world in the sphere of the hydrocarbons shipment. It provides services in the shelf prospecting and extraction of the crude oil/gas. The Company keeps 159 ships of 12mln ton in deadweight. Sovkomflot participates in large energetic projects including Sakhalin-1, Sakhalin-2, Varandey, Prirazlomnoe, Tangguh, Escobar, Peregrino. The Company is registered in St.Pb. and has representations in Moscow, Novorossiysk, Murmans, Vladivostok, London, Madrid etc.

OJSC Sovkomflot (TIN 7702060116) reached 449mln rub. in IH 2013-losses (IAS) against 1.561bn rub. in profit prior year; revenues dropped 13% to 19.511bn rub. from 22.441bn rub.

The 9-month 2013-net profit (RAS) dropped 44.86% to 570.763mln rub. from 1.035bn rub. prior year; revenues - 14.8% to 1.4bn rub. from 1.643bn rub.; profit from sales - 29.9% to 824.531mln rub. from 1.176bn rub.; pretax profit - 45.12% to 638.905 mln rub. from 1.164bn rub.

"AK&M", 18:13, 05.12.2013 1251 AKM,COR


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