Novorossiysk Commercial Sea Port Group (NCSP) has announced its consolidated financial results to IFRS for the year ended December 31, 2015.
NCSP Group recorded net loss for 2015 in the amount of $83.4 mln versus $414.7 mln loss in 2014.
NCSP Group’s revenue for 2015 comprised $877.2 mln versus $955.6 mln in 2014.
Group’s EBITDA increased by $87.9 mln or 15.4% year on year and reached $657.0 mln in 2015.
EBITDA margin increased by 15.3 percent points up to 74.9% versus 59.6% in 2014.
NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2015. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2015 totalled 139.7 million tonnes. Consolidated revenue to IFRS in 2015 totalled $ 877 million, and EBITDA $657 million. 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.