Russian Far East shipping and transportation company, Fesco, has posted a 1H 2008 Net Profit of $58 million under IFRS.
The bottom line result is up 26% year on year, with EBITDA coming in at $163.4 million, up 37%, on Revenues of $604 million, up 62%. The company attributed the results to its expansion with the Vladivostok based operator seeing substantial growth in its container terminal, shipping and liner, and railway services over the previous year. Gazprom-Neft posts 3Q 2008 Net Income of $1.594 Billion NLMK posts 3Q 2008 Net Profit of $1.229 Billion Sistema-HALS reports 9M 2008 Net Loss of $72.5 million