OREANDA-NEWS. April 17, 2009. In 2008 the operating revenue of the group of companies “Sea Port of Saint-Petersburg” increased by 18% in comparison with 2007 and amounted to 4.7 bln. rubles.

Balance profit of the group of companies grew by 22% - up to 1.4 bln. rubles. Net profit amounted to over 1 bln. rubles (+24%).

In spite of negative factors of external economic environment especially in the fourth quarter the company successfully closed 2008. Flexible tariff policy, alternation of turnover structure and handling of the most profitable types of cargoes made it possible to increase financial and economic efficiency of the group.

The company proceeds with the implementation of the development programme of port infrastructure. Within the development programme three projects have been successfully implemented.  Measures taken by the groups of companies to decrease the impact of economic crisis are aimed at preservation of personnel and reduction of nonproductive company costs.