13 Aug 2013 12:22

Vanino port ups net profits 3.3-fold in H1

KHABAROVSK. Aug 13 (Interfax) - OJSC Vanino Commercial Sea Port in Khabarovsk Territory made 302 million rubles in net profits in the first half of 2013, 230% more year-on-year.

Sales revenues were up 48.7% at 1.135 billion rubles.

Financial highlights, 1,000 rubles:

	H1 2013	H1 2012
Sales revenue	1 134 567	762 972
Cost of sales	623 029	560 179
Gross profits	511 538	202 793
Sales profits	381 043	63 306
Pretax profits	425 510	114 454
Net profits	302 012	91 177

The company's accounts payable increased from 159.623 million rubles at the start of the year to 309.018 million rubles on June 30. The port increased cargo-handling 29% year-on-year to 3.509 million tonnes in the first half.

Vanino Commercial Sea Port is the largest stevedoring company in Vanino port. It is linked to Sakhalin Island by the Vanino-Kholmsk ferry line.