NCSP Group consolidated financial results for Q1 2016
NCSP Group has announced its consolidated financial results for the three months ended 31 March 2016.
NCSP Group’s revenue in Q1 206 totaled $221.3 million, showing 0.7% year-on-year increase.
Group’s EBITDA increased by $23.4 million or 13.9% year-on-year and totaled $191.7 million. EBITDA margin was up 10.1 percent point to 86.7%.
Net profit for Q1 2016 increased almost three times year-on-year and reached $210.2 million.
Cash and cash equivalents at Group’s disposal increased twofold compared to that on 31.12.2015 and reached $238.7 million.
Group’s debt including financial lease did not change materially, while Net Debt/EBITDA ratio improved to 1.87 versus 2.14 at the beginning of the year, due to increase in cash.
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.
