FESCO’s revenue surged 2.1 times
In the first half of 2022, net profit of Far East Shipping Company (FESCO), parent company of FESCO Transportation Group, calculated under Russian Accounting Standards surged 6-fold, year-on-year, and totaled RUB 3.36 billion, according to the company’s report.
FESCO’s revenue surged 2.1 times, from RUB 1.88 billion to RUB 4 billion.
Far East Shipping Company (FESCO)is a parent company of FESCO Transportation Group, one ofthe leadingpublictransportation and logistics companies inRussia with operations inports, rail, integrated logistics and shipping business. Diversified but integrated asset portfolio enables FESCO toprovidedoor-to-doorlogistics solutions and control almost all steps ofthe intermodal transportation value chain. FESCO controls the Commercial Port ofVladivostok, rail operators Transgarant and Dalreftrans, operator of container platforms Russkaya Troyka, dry terminal facilities in Novosibirsk, Khabarovsk and Tomsk. FESCO operates over 100,000 containers and about 9,000 container platforms. FESCO’s fleet numbers 21 vessels deployed primarily on its own sea service lines.
