Globaltrans 2012 Net Profit Declines 2%

Russian firm Globaltrans Investment posted a 2% drop in its 2012 net profit. Globaltrans' profit for the year fell to $311.6 million, versus analysts' estimates of $316.6 million. Globaltrans' board also recommended a dividend of 70 cents per ordinary share in 2012, versus 64 cents in the prior year.