Net income of Novorossiysk Commercial Sea Port (NCSP) to Russian Accounting Standards (RAS) for nine months of 2010 amounted to 6,288,333,000 rubles, up 1.47 times as much from Jan-Sept, 2009, the company's report said.
Revenue of the Group in the reporting period amounted to 7,594,659,000 rubles, or a 15.2-percent decline versus last year’s results. The report said the main factors that influenced the nine-month revenues result were the change of cargo nomenclature and depreciation of USD against the ruble.
Novorossiysk Commercial Sea Port Group is the largest Russian port operator. The NCSP shares are listed on the Russ. RTS and MICEX (Ticker: NMTP), on the London Stock Exchange (in the form of GDR, Ticker: NCSP). In 2009, NCSP Group’s throughput amounted to 86.5 million tons. Consolidated revenues of the Group (IFRS) for 2009 totaled $675.1 million, net income - $252,2 million.
NCSP Group incorporates the following stevedore companies: PJSC Novorossiysk Commercial Sea Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC Novoroslesexport, OJSC IPP, and Baltic Stevedoring Company Ltd.