OREANDA-NEWS. August 20, 2007. Loss of Baltiysky Zavod OJSC under Russian Accounting Standard totaled 713 million 11 thousand rubles in the first half of 2007 against 654 million 548 thousand rubles in the same period of 2006.

The company’s revenue grew 5.5 times – to 3.320.567 billion rubles.

Baltiysky Zavod was founded in 1856. Today the shipyard specializes in construction of naval ships of different class and rank as well as vessels with nuclear-powered propulsion. Priority direction in the sector of commercial vessels is construction of large-capacity tankers for transportation of oil and gas from the regions of northern seas, chemical tankers, icebreakers, vessels for carrying general cargo and hi-tech supply vessels. United Industrial Corporation (OPK) controls 88.2% of the yard’s shares. In 2006, RAS net profit of Baltiysky Zavod totaled RUR 548.771 million.