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02/07/2014
13:30
M&A: Ob-Irtysh River Shipping Company reduces stake in IRSC

On July 1, Ob-Irtysh River Shipping Company LLC reduced its equity position in Joint Stock Irtysh Shipping Company (IRSC) to 29.9%, IRSC informed.

Prior to this transaction, Ob-Irtysh RSC owned 34% of the voting shares in the shipping company.

Joint Stock Irtysh Shipping Company (IRSC, tax number: 5508000306) was established by means of restructuring state-owned enterprise Irtyshskoye Rechnoye Parokhodstvo (Order of the Red Banner of Labor). The company has four branches: Omsk shipbuilding and ship repair works, port Bolsherechye, Tarsky port, training and health center.

According to the DataCapital information retrieval system, RAS net profit of Joint Stock Irtysh Shipping Company for 2013 increased 2.09-fold to RUB 98 thousand from RUB 47 thousand the year before. Revenue increased by 13.22% to RUB 845.667 million from RUB 746.948 million, sales profit 30.48-fold to RUB 42.125 million from RUB 1.382 million, pre-tax profit 397.58-fold to RUB 10.337 million from RUB 26 thousand.



"AK&M", 02.07.2014

 

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