Ukraine’s Black Sea Shipyard(Chernomorsky) has posted a fall in 2013 earnings despite a rise in revenue.
Net profit was UAH 0.21m ($18,000) last year, down fromUAH 0.6m in 2012.
Revenue rose by UAH 95.97m to UAH 195.39m over the same period.
The yard is part of the assets of Russianbusinessman Vadim Novinsky’s Smart Holding.
