Net profit of NCSP down almost 2 times to RUB 2.62 bln in 2013
In 2013, net profit of Novorossiysk Commercial Sea Port OJSC calculated under Russian Accounting Standards decreased almost 2 times, year-on-year, to RUB 2,619,680,000. According to the company materials, the revenue fell by 3.6% to RUB 10,274,715,000.
NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2013 totalled 141 million tonnes. Consolidated revenue according to IFRS in 2012 totalled USD 1,034 million and EBITDA was USD 591.5 million. NCSP Group consolidates the following companies: PJSC “Novorossiysk Commercial Sea Port”, LLC “Primorsk Trade Port”, PJSC “Novorossiysk Grain Terminal”, OJSC “Novorossiysk Ship Repair Yard”, OJSC “NCSP Fleet”, OJSC “NLE”, OJSC “IPP”, CJSC “Baltic Stevedore Company”, and CJSC “SFP”.