Novorossiysk Commercial Sea Port OJSC will allocate RUB 454,916,839.75 for payment of dividends. According to the Company’s press center, the decision was taken at the Annual General Meeting of Shareholders held on 17 June 2013.
The remaining portion of the nonconsolidated profit in the amount of RUB 4,639,252,574.23 will be allocated for NCSP development. The dividends for 2012 will be paid by 16 August 2013 at the rate of RUB 0.02362 per share.
Besides, the Meeting approved NCSP’s Annual Report (unconsolidated) and annual financial accounts (unconsolidated according to RAS).
Novorossiysk Commercial Sea Port (NCSP Group) is Russia’s largest port operator in terms of cargo turnover. 50.1% shares of NCSP belong to Novoport Holding Ltd, the beneficial owners of which are OJSC Transneft and Summa Group. The Group comprises the following stevedoring companies: Novorossiysk Commercial Sea Port OJSC, Primorsk Commercial Port, Novorossiysk Grain Terminal OJSC, Novorossiysk Ship Repair Yard OJSC, NCSP Fleet OJSC, Novoroslesexport OJSC, IPP OJSC, Baltic Stevedore Company LLC and SFP CJSC. In 2012, the Group’s throughput gained 1.2% to 158.9 mln tonnes. The Group’s consolidated IFRS revenue was $1,034 mln, EBITDA - $591.5 mln.
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