Net profit of JSC “Far East Shipping” for 1 st quarter of 2009 on the RSA has grown to 1 258 565 thousand rubles. compared with data for the same period last year (net profit amounted to 41 303 thousand rubles.) amounted to 1 299 868 thousand rubles.

Sales of services - from the operation of the fleet - for 1 quarter of 2009 was 1 008 553 thousand rubles. that by 102 219 thousand rubles. or 11.3% higher compared with the data for the same period last year (receipts amounted to 906 334 thousand rub.).

profit on sales for 1 quarter of 2009 amounted to 205 324 thousand rubles. that by 82 282 thousand rubles. or -28.6% below the same period of 2008. “Since the fourth quarter of 2008, Navy dry cargo freight market, in relation to the economic crisis, sharply reduced,” - said the company.

“The decline of profitability of assets, return on equity due to the fact that with an increase in net profit amounts of equity capital and total capital increased to a greater extent. This is confirmed by the decrease in turnover rate of capital”, - says the media company.

In the 1 st quarter of 2009 FESCO to profit from sales of services from operating activities 205.3 mln. that 82.3 million rubles. less than in 2008. Revenue growth (at 11.3%) and costs (29,8%) due to a change in direction of the fleet - an increase in the percentage of scheduled charter, which leads to a rise in gross revenues and voyage expenses. A lower percentage of revenue growth, compared to the costs attributable to falling freight market and rising cost of repairs to the fleet.

Net profit of JSC “Far East Shipping” for 1 st quarter of 2009 on the RSA has grown to 1 258 565 thousand rubles. compared with data for the same period last year (net profit amounted to 41 303 thousand rubles.) amounted to 1 299 868 thousand rubles.

Sales of services - from the operation of the fleet - for 1 quarter of 2009 was 1 008 553 thousand rubles. that by 102 219 thousand rubles. or 11.3% higher compared with the data for the same period last year (receipts amounted to 906 334 thousand rub.).

profit on sales for 1 quarter of 2009 amounted to 205 324 thousand rubles. that by 82 282 thousand rubles. or -28.6% below the same period of 2008. “Since the fourth quarter of 2008, Navy dry cargo freight market, in relation to the economic crisis, sharply reduced,” - said the company.

“The decline of profitability of assets, return on equity due to the fact that with an increase in net profit amounts of equity capital and total capital increased to a greater extent. This is confirmed by the decrease in turnover rate of capital”, - says the media company.

In the 1 st quarter of 2009 FESCO to profit from sales of services from operating activities 205.3 mln. that 82.3 million rubles. less than in 2008. Revenue growth (at 11.3%) and costs (29,8%) due to a change in direction of the fleet - an increase in the percentage of scheduled charter, which leads to a rise in gross revenues and voyage expenses. A lower percentage of revenue growth, compared to the costs attributable to falling freight market and rising cost of repairs to the fleet.