Russia's Novorossiysk 9-mth net profit up 345 pct
MOSCOW Dec 21 (Reuters) - Novorossiysk Commercial Sea Port (NCSP) Group, a major outlet for oil and grain exports from Russia, said on Friday its net profit for the first nine months of 2012 jumped 345 percent, year-on-year, to $319.7 million.
Revenue edged up 0.5 percent to $785.9 million as total cargo turnover increased by 3.5 percent, year-on-year, the company said in a statement.
"Our results reflect the underlying robustness of our business, and our successful efforts to improve operational efficiency, but macroeconomic uncertainty still remains a significant factor for the future," said Rado Antolovic, the chief executive officer of NCSP Group.
"Looking forward, we retain our stance of cautious optimism," Antolovic added in the statement.