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FESCO announces operating and financial results for 2022 first half

FESCO has announced its operational and financial results for the first half of the year, during which it achieved a record traffic volume of 144,000 TEU on international routes from countries of Southeast Asia to the Far East.

Compared to the previous year, the cumulative increase amounted to 22%, according to a statement.

At the same time, the company achieved a record volume of refrigerated freight transport. Total volume reached 19,000 TEU, which is 35% higher than in 2021.

Meanwhile, the company's EBITDA reached US$630,000, which is more than two times higher than the level of the same period in 2021.

During the same period, the Russian transportation group continued to increase its assets, as the container fleet in operation increased by 3,184 units. Additionally, the fleet of fitting platforms has been replenished with 1,723 units of 24 meters (80-ft) platforms.

Moreover, intermodal transport volumes are up 10% compared to 2021 and amount to 245,000 TEU due to the development of the geography of transportations, increase of container fleet and fitting platforms.

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