According to Mr. Igor Vilinov, CEO of NCSP, Key financial indicators continued to grow in the first quarter of 2007. Revenue reached $151.6 million in comparison with the same period last year, EBITDA grew to $95.7 million, net profit increased to 56.3 million (consolidated unaudited financial results). An important growth factor for the company in the first quarter of 2008 was the commissioning of new transshipment facilities in late 2007, including container, timber, bunkerage and grain terminals.
As a result of corporate strategy focused on increasing the share of high-profit cargoes in the port’s turnover, the share of containers increased from 4% to 6%, oil products – from 11% to 14%, ferrous metals – from 11% to 12% and timber – from 1% to 2%, as well as the attraction of a new cargo – imported cement. The first quarter results also demonstrate further increase of the company’s operating efficiency.
As a result of corporate strategy focused on increasing the share of high-profit cargoes in the port’s turnover, the share of containers increased from 4% to 6%, oil products – from 11% to 14%, ferrous metals – from 11% to 12% and timber – from 1% to 2%, as well as the attraction of a new cargo – imported cement. The first quarter results also demonstrate further increase of the company’s operating efficiency.