Net profit of NCSP Group down 3 times to $101.84 mln in 9M’13
In January-September 2013, net profit of NCSP Group calculated under international financial reporting standard dropped 3 times to $101.84 mln (against $319.67 mln in 2012), the company’s statement says.
NCSP revenue declined by 12.1% to $691.39 mln (against $785.88 mln a year ago).
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.