Novorossiysk Commercial Sea Port Group has posted IFRS financial results for January-September 2023.
The Group’s revenue grew 16.1% to 22.14 bn rubles ($233.8 mn), and gross profit by 22.8% to 13.76 bn rubles ($145.3 mn).
Sales costs were up 6.4% to 8.4 bn rubles ($88.7 mn) and administrative costs up 4.5% to 1.3 bn rubles ($13.7 mn).
Profit before tax increased by 38.4% to 24.9 bn rubles ($262.9 mn), net profit for the nine months ending September 30, 2023 made 22.2 bn rubles ($234.4 mn), up 3.9% year-on-year.
Photo: SeaNews