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March 28, 2015 10:36 AM ET

Marine

Company Overview of OAO Sovcomflot

Company Overview

PAO Sovcomflot, through its subsidiaries, owns and operates ships worldwide. The company operates through five segments: Crude Oil Transportation, Oil Product Transportation, Gas Transportation, Offshore Development Services, and Other. It transports crude oil, refined petroleum and other oil products, chemicals, LNG and LPG, and coal. The company also offers logistical support services, and floating storage and offloading unit management services for offshore development facilities. As of December 31, 2014, it had 60 crude oil carriers, 43 petroleum product carriers, 2 LNG carriers, 4 LPG carriers, 13 shuttle tankers, 4 ice breaking supply vessels, 3 bulk carriers, and 1 chartered in seismi...

6 Gasheka Street

Moscow,  125047

Russia

Founded in 1988

Phone:

7 495 660 4000

Fax:

7 495 660 4099

Key Executives for OAO Sovcomflot

Chairman of Executive Board, Chief Executive Officer, President and Director
Age: 54
Chief Financial Officer, Member of Executive Board and Senior Executive Vice-President
Age: 51
Chief Operating Officer, Senior Executive Vice President and Member of Executive Board
Senior Executive Vice-President and Member of Executive Board
Age: 50
Chief Strategy Officer, Vice-President and Member of Executive Board
Age: 45
Compensation as of Fiscal Year 2014.

OAO Sovcomflot Key Developments

PAO Sovcomflot expected to report Fiscal Year 2014 results on March 28, 2015. This event was calculated by Capital IQ (Created on March 27, 2015).

PAO Sovcomflot expected to report Fiscal Year 2014 results on March 28, 2015. This event was calculated by Capital IQ (Created on March 27, 2015).

OJSC Sovcomflot (SCF) Announces Consolidated Earnings Results for the Year 2014

OJSC Sovcomflot (SCF) announced consolidated earnings results for the year 2014. For the period, the company reported net profit to International Financial Reporting Standards (IFRS) of RUB 2.673 billion in 2014 versus net loss of RUB 1.252 billion in the previous year. Pretax profit was RUB 2.921 billion against pretax loss of RUB 878 million a year earlier. The group's net profit in 2014 was $83.9 million against losses of $39.2 million in 2013. Gross revenue rose by 9.9% to $1.387 billion and EBITDA rose by 40.9% to $538.2 million.

25% Stake in OAO Sovcomflot may Raise RUB 24 billion

Russian Government hopes to sell the 25% stake in PAO Sovcomflot and raise RUB 24 billion. Vitaly Sergeichuk, Head of the Department for Property Relations & Privatization of Largest Companies of The Federal State Property Management Agency said, "We are talking about 12 plus 12 billion rubles; 12 billion rubles are likely to be allocated to the company, and 12 billion rubles to the budget".

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