The IQ 2014 net profit at Sovkomflot rallied up 29.8 fold (IAS) to $58.146mln from $1.952mln prior year period, the company informed.
The revenues boosted 16.57% to $365.067mln from $313.163mln; operating profit - 2.93 fold to $90.506mln from $30.886mln; pretax profit - 15.2 fold to $59.889mln rub. from $3.94mln; EBITDA being up 65.7% to $153.6mln from $92.7mln prior year.
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.
The 2013-net losses (IAS) reached 1.252bn rub. vs. 998mln rub. in profit; revenues from the freight and ship rent dropped 4.16% to 40.292bn rub. from 42.043bn rub.; operating profit - 34.81% to 2.605bn rub. from 3.996bn rub.; pretax losses coming to 878mln rub. vs. 1.256bn rub. in profit.
The 2013-net profit (RAS) plunged 39.88% to 635.043mln rub. from 1.056bn rub.; revenues declined 11.22% to 1.779bn rub. from 2.004bn rub.; profit from sales - 31.58% to 858.828mln rub. from 1.255bn rub.; pretax profit - 39.28% to 704.404mln rub. from 1.16bn rub.