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. Last Updated: 07/27/2016

Shipping Co. Loss

VLADIVOSTOK () -- Russia's Primorsk Shipping Co. said Wednesday its pretax loss for the first half of 1996 widened to 10 billion rubles ($1.9 million) from 1 billion rubles in the year-earlier period.

Company vice president Yevgeny Kozmin said the loss was less than the budgeted 31 billion rubles, and was attributable partly to a change in accounting practice, under which income is booked at the end of each voyage in line with international practice.