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Sovcomflot reports IFRS net profit growth to $321 mln in 9M 2022

EBITDA of the company surged by 46% to $741 mln

MOSCOW, January 31. /TASS/. The net profit of Sovcomflot under the International Financial Reporting Standards surged by almost 16 times in annual terms in January - September 2022 and totaled $321 mln, the Russian shipping company said.

Corporate revenues in the time charter equivalent stood at $1.017 bln over nine months of the last year, up 1.1 times in annual terms.

EBITDA of the company surged by 46% to $741 mln.