NCSP net profit (under Russian Accounting Standards) up almost 25 times to RUB 13 bln in HI’2015

Net profit of Novorossiysk Commercial Sea Port (NCSP OJSC) calculated under Russian Accounting Standards totaled RUB 13.011 bln in HI’2015 (up 24.7 times year-on-year), the company says.

The Company’s revenue climbed 1.7 times, year-on-year, to RUB 11.401 bln.

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 2014 totalled 131 million tonnes. Consolidated revenue to IFRS in 2014 totalled USD 956 million and EBITDA was USD 569 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.