On June 25, JSC Commercial Port of Vladivostok acquired 100% of the authorized capital of PortTrans LLC, the company informed.
Prior to this deal, Commercial Port of Vladivostok did not own voting shares in PortTransa.
It will be recalled that on June 6, Commercial Port of Vladivostok acquired 50.02% of the voting shares in CJSC Port Fleet, consolidating 100% of Port Fleet's authorized capital.
PortTrans LLC (Vladivostok, tax number: 2540155669) registered on August 7, 2009, provides railway transportation services.
JSC Commercial Port of Vladivostok (part of Fesco Transportation Group, tax number: 2504000204) specializes in handling bulk and fluid cargoes and general cargoes including containers.
IFRS net profit of Commercial Port of Vladivostok for 2013 decreased by 15.48% to RUB 1.677 billion from RUB 1.985 billion the year before. Revenue increased by 53.13% to RUB 8.941 billion from RUB 5.839 billion, operating profit by 0.6% to RUB 2.326 billion from RUB 2.312 billion, pre-tax profit decreased by 11.11% to RUB 2.201 billion from RUB 2.476 billion.
According to the DataCapital information retrieval system, RAS net profit of Commercial Port of Vladivostok for 2013 grew by 59.64% to RUB 1.151 billion from RUB 720.93 million the year before. Revenue increased 2.09-fold to RUB 5.464 billion from RUB 2.615 billion, sales profit by 95.4% to RUB 1.192 billion from RUB 610.089 million, pre-tax profit by 67.19% to RUB 1.422 billion from RUB 850.547 million.
AK&M "M&A Market"
"AK&M", 26.06.2014 13:46