Net profit of Novorossiysk Commercial Sea Port (NCSP OJSC) calculated under Russian Accounting Standards totaled RUB 3,015,172,000 against the loss of RUB 7,119,161,000 in 9M’14, the company says.
The Company’s revenue climbed 1.76 times, year-on-year, to RUB 17,641,416,000.
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 totaled 131 million tonnes. Consolidated revenue to IFRS in 2014 totaled 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.