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Russia's FESCO posts US$1.3 billion in revenue up 83pc in 2021
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Posttime:2022-04-13
The FESCO Transportation Group has released its operating and financial results for 2021, citing major improvements to its revenue, reports London's Port Technology International.
For the period ending December 31, the group saw its revenue climb to RUB113.7 billion (US$1.3 billion), an increase of 83 per cent compared to RUB62.1 billion in 2020.
The group's EBITDA also rose to RUB47.4 billion, up from RUB12.2 billion in 2020. Net income in 2021 reached RUB37.8 billion to RUB8.3 billion in 2020.
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