OREANDA-NEWS. May 14, 2010. First quarter net income of Yuzhny (Southern) River Port OJSC (Moscow) dropped 8% year-over-year to 27.42 million rubles. The Company’s revenue slumped 37.6 percent to 63.169 million rubles from Q1, 2009, the Company statement said.

In 2009 the SRP posted net income of RUB69,413,000, down 36.7 from a year earlier, proceeds amounted to 314.85 million rubles, a year-over-year 34.7-percent decline.

Yuzny (Southern) River Port is located in the southeastern part of Moscow along the Moscow river on its left bank. The 2,178m-long quay is divided into 17 specialized berths equipped with 32 gantry cranes of lifting capacity from 5 to 40 tons. The port’s containers handling facility is the largest in Moscow. Federal Agency for Management of State Property (RosImushchestvo) holds 26.08% of common stock of the port.