Business
Russia's Sovcomflot says it swings to net profit in January - March
Russia's Sovcomflot says it swings to net profit in January - March
About this update from Sovcomflot
Russia's leading tanker group Sovcomflot RUS:FLOT reported a net profit of $93.6 million in the first quarter of 2026 compared to a net loss of $393 million a year earlier.Revenue in the first quarter stood at $345 million, up 60% year-on-year. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $227 million compared to $105 million in the first quarter of 2025.