The company said net earnings to 31 March were $58.1m, up from $2m in the same period of 2013.
Revenue rose to $365.1m, against $313.2m the year before.
President and CEO Sergey Frank said: “Following five years of recession, the tanker market is showing the early signs of a long overdue recovery.
"Throughout the down-cycle, Sovcomflot’s robust business model has continued to deliver."
He
