RAS net profit of Far-Eastern Shipping Company Plc. (FESCO) for H1 2014 decreased by 23.37% to RUB 636.119 million from RUB 830.099 million for the same period in 2013, the company reported.
Revenue increased by 42.23% to RUB 1.011 billion from RUB 711.07 million, sales loss decreased by 31.69% to RUB 425.643 million from RUB 623.121 million, pre-tax profit by 17.82% to RUB 585.46 million from RUB 712.426 million.
Far-Eastern Shipping Company Plc. (FESCO, tax number: 2540047110) is a large Russian shipping company, a structural unit of FESCO Transportation Group.
IFRS net profit of FESCO and its subsidiaries for 2013 was RUB 550 million against a loss of RUB 533 million the year before. Revenue decreased by 2.41% to RUB 36.321 billion from RUB 37.219 billion, profit from operations increased 4.23-fold to RUB 3.061 billion from RUB 724 million, pre-tax profit 2.01 times to RUB 1.301 billion from RUB 646 million.
According to the DataCapital information retrieval system, RAS net loss of FESCO for 2013 was RUB 469.813 million against a profit of RUB 1.137 billion the year before. Revenue decreased by 22.88% to RUB 1.539 billion from RUB 1.996 billion, sales loss by 8.96% to RUB 1.149 billion from RUB 1.262 billion, loss before tax was RUB 694.099 million against a profit of RUB 845.018 million.