NCSP BoD recommends payment of RUB 449,9 mln as dividends for 2013

The Board of Directors of Novorossiysk Commercial Sea Port OJSC at its meeting held on April 25 made the recommendation to the AGM scheduled for June 27 approve the dividend for 2013 in the amount of 449,986,327 rubles at the rate of 0.023364 rubles per share, the company’s press center says.

NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP Group cargo turnover in 2013 totalled 141 million tonnes. Consolidated revenue according to IFRS in 2013 totalled USD 928 million and EBITDA was USD 510 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.