top of page

Sovcomflot posts $496 mln net profit under IFRS for 1H 2023

Corax Consultants LLC

Net profit of Sovcomflot under International Financial Reporting Standards (IFRS) amounted to $496 mln in 1H 2023, and to $210.1 mln in Q2, the company’s press service reported.


Revenue in time charter equivalent totaled $1.08 bln in the first half of this year.


The company remains committed to the policy of paying 50% of dividends from adjusted net profit under IFRS in rubles, Sovcomflot noted.


Sovcomflot Group is one of the world's leading energy shipping companies, focusing on the transportation of liquefied gas, crude oil, and petroleum products, as well as the servicing of offshore upstream energy production.


The state is the main shareholder of Sovcomflot, holding 82.8% of shares. Minority shareholders own 15.6% of shares, while 1.6% of shares are on the balance sheet of a subsidiary.


ТАСС 28.08.2023, 15:16 MSK

Recent Posts

See All

UHNWI

Your family office not only looks after UHNWI members, but also visionary people who fit into this category? Then you've come to the right place at Mittelstand-BRICS.

 

Contact us so that your UHNWI do not miss the coming megatrend - and can apply as an investor in medium-sized BRICS in good time.

 

Discretion and anonymity are a given for us. Likewise, strict compliance with all compliance rules including AML, CTF and KYC when concluding the contract.

 

For questions or to contact us, please only use our contact form.

NEWSLETTER 

Thanks for subscribing!

Mittelstand-BRICS

©2022 Mittelstand-BRICS. Owned and published by Corax Consultants LLC, Wyoming, USA

bottom of page