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"Port of Vanino" reduced profit by 12,4%
Stevedoring company Vanino Commercial Sea Port reduced its net profit by 12,4% in the first quarter compared to the same period last year. Its volume amounted to 530,26 million rubles.
As the NЕDRADV, revenue for the first quarter amounted to more than 1,07 billion rubles, which is 6,5% more than in the same period last year. The overall financial result was affected by an increase in expenses of 55% under the item “other expenses” - more than 100 million rubles.
The gross profit of Porta Vanino decreased by 1,3% - to 617,6 million rubles. Sales profit decreased by 2,1% - to 527 million rubles. As of the end of March, Port Vanino has debts on payables in the amount of 10,6 billion rubles. The company has not yet used the loan to refinance its debt.
Joint Stock Company Vanino Commercial Sea Port is the largest stevedoring company in the Khabarovsk Territory. In 2020, cargo transshipment amounted to 7,5 million tons, coal transshipment - 4,6 million tons.