Net loss of Novorossiysk Commercial Sea Port down 4.3 times to RUB 5.2 bln

Net loss of PJSC Novorossiysk Commercial Sea Port calculated under Russian Accounting Standards totaled RUB 5.19 bln in 2015, 4.3 times down against the year of 2014, the company’s statistics says.

The revenue almost doubled to RUB 24.10 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 2015 totalled 139.7 million tones (+5.6%). NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.