25 Apr 2012 15:10

Russian Sea Group reduces sales revenue 14% in Q1, starts posting profit

MOSCOW. April 25 (Interfax) - Russian Sea Group posted 3.4 million rubles in net profit for the first quarter of 2012 compared to 189.8 million rubles in losses for the same period of 2011, the company said in a statement.

The group's sales revenue decreased by 14.3% to 4 billion rubles. EBITDA totalled 38.8 million rubles compared to EBITDA losses of 115.6 million rubles for the first quarter of 2011.