Novorossiysk Commercial Sea Port Group announces its consolidated financial results for the six months ended 30 June 2015.
NCSP Group’s consolidate revenue for 6M 2015 amounted to $438 million versus $511 million for H1 2014.
Group’s EBITDA in the reporting period grew by $23 million and reached $328 million. EBITDA margin reached 75%.
Net income for the first half of 2015 totaled $250 million, growing 81% year-on-year.
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.