Russia's Federal Antimonopoly Service has granted the application of JSC Commercial Port of Vladivostok for the purchase of a 34% equity stake in Vladivostok Automobile Terminal LLC, the regulatory body informed.
As a result of this transaction, Commercial Port of Vladivostok will consolidate 100% of the target company's authorized capital.
Vladivostok Automobile Terminal LLC provides motor-vehicle handling and customs storage 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.
RAS net profit of JSC Commercial Port of Vladivostok for H1 2014 increased 2.14-fold to RUB 923.793 million from RUB 432.494 million for the same period in 2013. Revenue decreased by 0.19% to RUB 2.668 billion from RUB 2.673 billion, sales profit grew 2.84-fold to RUB 964.665 million from RUB 339.224 million, pre-tax profit 2.29-fold to RUB 1.145 billion from RUB 500.463 million.