Fesco hauls up 1H 2011 net profit of $45 million

Russian far east shipping and logistics operator, FESCO, has posted a 1H 2011 net profit of $45 million under IFRS. The net result saw a major turnaround from a 1H 2010 net loss of $28 million, with consolidated EBITDA rising 16% year on year to $87.6 million, as revenues rose to $458.9 million from $361.8 […]