RAS net loss of Far-Eastern Shipping Company Plc. (FESCO) for Q1 2018 increased 2.7 times to RUB 488.699 million from RUB 180.749 million for the same period in 2017, the company reported.
Revenue decreased by 0.91% to RUB 400.152 million from RUB 403.827 million, sales loss by 15.77% to RUB 375.841 million from RUB 446.192 million, loss before tax 2.24 times to RUB 613.119 million from RUB 273.846 million.
Far-Eastern Shipping Company Plc. (FESCO, tax number: 2540047110) is a large Russian shipping company, a structural unit of FESCO Transportation Group. The company's principal shareholders are Ziyavudin Magomedov's Summa Group (32.5%), entities affiliated with Mark Garber (23.8%), TPG private equity fund (17.4%).
IFRS net loss of FESCO, its subsidiaries and affiliates for H1 2017 was RUB 720 million against a profit of RUB 3.59 billion the year before. Revenue increased by 5.81% to RUB 19.13 billion from RUB 18.079 billion, profit from operations by 74.73% to RUB 2.296 billion from RUB 1.314 billion, loss before tax was RUB 150 million against a profit of RUB 3.728 billion for the same period in 2016.
According to AK&M Information Agency's DataCapital information retrieval system, RAS net loss of Far-Eastern Shipping Company Plc. (FESCO) for 2017 increased 2.05 times to RUB 8.617 billion from RUB 4.206 billion the year before. Revenue decreased by 41.9% to RUB 1.82 billion from RUB 3.132 billion, sales loss grew 6.84 times to RUB 1.472 billion from RUB 215.172 million, loss before tax by 90% to RUB 8.461 billion from RUB 4.453 billion.
"AK&M", 16.05.2018 17:13