| The KDM Shipping Group, one of the leaders of the Ukrainian shipping industry, primarily involved in the niche segment of dry bulk river-sea freight in the Black, Azov and Mediterranean sea regions, generated revenues in the first half of 2013 of USD 12.1m, or 26.5% greater than in the same period in 2012. Gross profit was USD 5.35m, representing an increase of 6.7%, and net profit was USD 3.9m, or 0.8% greater than in the first half of 2012. The growth in revenues was achieved mainly thanks to improvement in the dry bulk shipping segment. In the first half 2013, the company shipped a total of 337.1 thousand tonnes of cargo, representing an increase of 45.4% year-on-year, generating revenues of USD 9.7m, or 30.6% greater than in the same period in 2012. Dry bulk shipping is the most important area of the company’s operations. The company also operates a tourist line on the Dnieper River in the Kiev region in the spring and summer, and performs ship repairs and renovations at its own shipyard in Kherson. During the first half of 2013, the ship repair segment generated revenues of USD 2.1m (growth of 88.2%) and the passenger transport segment generated USD 0.3m (a decrease of 70.9%, due to large-scale shoreline renovation project carried out in Kiev on the Dnieper River bank that principally constrained customer ease of access). | |
