Sovcomflot's IFRS profit for the first quarter of 2024 fell by 10.4% to $216 million from $241.1 million a year earlier. Adjusted net profit increased by 3.6% to RUB 18.9 billion from RUB 18.26 billion. This is stated in the company's message.
EBITDA increased by 0.5% to $334 million from $332.5 million. Revenue fell 2.3% to $545.8 million from $558.4 million, while revenue based on time charter equivalent fell 4.3% to $459 million from $479.4 million. Profit from the operation of ships decreased by 3.9% to $355.3 million from $369.9 million.
Sovcomflot Group of Companies is a company for the marine transportation of liquefied gas, oil and petroleum products, as well as the maintenance of offshore hydrocarbon production.
