Black Sea Shipyard Posts USD 400 000 Loss in 2009
OREANDA-NEWS. February 27, 2010. Black Sea Shipyard (BSS, Nikolaev, Ukraine) ended up 2009 fiscal year with a 3.218m hryvnia loss, The Transport Business reports. The company's portfolio of assets at the end of 2009 amounted to 1.108b hryvnia.
Total receivables of the company at the end of 2009 reached 507.591 million hryvnia, current liabilities - 754.857 million hryvnia.
Black Sea Shipyard showed a 40.21 million hryvnia loss, according to 2008 results. The company reported that year its net income rose to 51.879 million hryvnia, as much as 5.08 times.
One of the oldest enterprises, the Black Sea Shipyard was founded back in 1897. The company is engaged in the construction and repair of tankers, bulk carriers and other types of vessels, docking vessels of 7 tons weight and 130 m in length. Kherson Shipyard (KS) holds 90.25% stake in BSS. Kherson Shipyard is owned by Vadim Novinsky’s Smart Groups.