FESCO Transport Group has reported some of its financial and operational results for the full year of 2022.
Earnings according to IFRS made 162.6 bln ($1.99 bln), up 43% year-on-year, EBITDA was 71.5 bln rubles ($876.6 mln), up 51% year-on-year.l
The net debt / EBITDA ratio was at a historically low level of 0.01x as of December 31, 2022. Net debt was down to 2.6 bn rubles ($32.3 mln) from 22.9 bln rubles ($281.3 mln).
Commercial Port of Vladivostok, part of FESCO, saw its container throughput grow 1% to 768 thousand TEU, while the total cargo throughput via the port reached a historic high of 13.4 mln tons. General cargo and oil products were down 1% to 5.1 mln tons.
Containerized reefer cargo transportation surged 50% to make 17 thousand TEU. Intermodal traffic was up 9% to 507 thousand TEU.
International marine shipping volume grew 19% year-on-year to 342 thousand TEU, while cabotage shipping was up 4% to 84 thousand TEU.