In 2007, consolidated net profit of Novorossiysk Commercial Sea Port OJSC grew by 112.47%, year-on-year, to $93.674 million, the company informs. Novorossiysk Commercial Sea Port (NCSP OJSC) is the largest stevedoring company operating at the port of Novorossiysk. Beneficiaries of the company’s control stake are Aleksandr Ponomorenko (Chairman of NCSP BOD) and Aleksandr Skorobogatko (Deputy of State Duma). In November 2007, NCSP held IPO at London Stock Exchange and in Russia having placed 19.38% of shares. NCSP capitalization totaled $4.9 billion.
In 2007, the company’s throughput totaled 79.3 million tonnes (-2.01%, year-on-year).