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Reduction in revenue and changes in the composition of the Board of JSC FESCO

FESCO is one of the largest privately owned transport and logistics companies in Russia, with most of its operations concentrated in the Russian Far East. FESCO is the largest port container operator in the Far East region on foreign trade sea lines to / from Asian countries, along coastal sea lines and by rail.

According to the press release of the transport group for 9 months 2014, the revenue of the shipping division of the group increased by 33,6% and amounted to $ 57,8 million, the group's investments increased by 49,4% to $ 59,9 million, the revenue of the bunker division of the group rose 3,33 times, which is $ 155,1 million. The unit's profit for the reporting period was $ 5,1 million against a loss of $ 1,5 million.

However, while FESCO's consolidated revenue is lower by 0,6% to $ 844,1 million, compared to the same period last year,

According to the results of work for the reporting period, the company was left by the vice-president for finance, Shmatova E.A., who was removed from the Management Board of FESCO JSC. E.S. Tyurikov, Advisor to the President for Finance and Economics

Evgenia Tyurikova has extensive experience in the field of international and Russian accounting. In 2010, she held executive positions in the Management Company of West Siberian Resources Ltd and the group of companies BFG, as well as in the Publishing House Kommersant. At the moment, Evgenia Tyurikova is also Vice-President for Economics and Finance of the Suma Group.

Since the end of November 2014 year, according to the decision of the Board of Directors, the following Board of Directors was elected:

Sokolov K.A. - President of JSC FESCO;

Korchanov V.N. - first vice president;

Melyakin Yu.I. - Vice President of Security;

Isurin AI - Vice-president of the linear-logistics division;

Rezvov N.A. - Vice-President of the Railway Division;

Kuzovkov K.V. Vice President for Investment and Development.

At the end of October 2014, the FESCO group won a tender for the supply of Argentine research stations in Antarctica. Already 25 November diesel-electric ship "Vasily Golovnin" JSC "FESCO" left the port of Vladivostok. Work on the project will continue until the middle of February 2015 year. This is the seventh flight diesel-electric "Vasily Golovnin" to Antarctica, within the framework of which the ship carries out the supply of Argentine Antarctic stations.

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