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Stevedore Coal Company/Vostochny Port signed contract.

Vostochny Port BOD approved the loan contract in the volume of 1.5bn rub. with Stevedore Coal Company at 8.5% ann. till 2027, the company informed.

The loan is aimed to fund the current activity of the Port through the direct purchase of the services provided by Stevedore Coal Company.

Vostochny Port (TIN 2508001544) is the largest stevedore company in the Far East providing coal processing. It includes the Coal unloading complex and Universal coal processing complex.

The share capital is equal to 623.605mln rub. split in 2125462 common and 368958 preferred stocks of 250 rub. par. The major holder is Eastern Stevedore Holdings Ltd. (74.57%); 25.43% being held by private and legal persons.

The 9-month 2013 net profit (RAS) declined 19.59% to 402.797mln rub.

from 500.945mln rub.; revenues moved up 4.25% to 2.193bn rub. from 2.103bn rub.; profit from sales being down 16.98% to 250.669mln rub. from 301.935mln rub.; pretax profit - 15.45% to 544.399mln rub. from 643.873mln rub.

"AK&M", 20.03.2014


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