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2016 August 9   11:21

RAS half-year net profit of NCSP Group soars 70.7% to RUB 22.2 billion

Net profit of NCSP Group in the first half of 2016 under Russian Accounting Standards (RAS) reached RUB 22.2 billion, which represents a 70.7-percent growth year-on-year, the Group's statistics showed.

Revenue for the six months of 2016 increased by 26.23% to 14.39 billion rubles.

NCSP Group is the largest Russian port operator by cargo volumes. Shares of PJSC "NCSP" are listed on the Moscow Stock Exchange (ticker NMTP), as well as on the London Stock Exchange in the form of GDRs  (ticker: NCSP). In 2015 cargo throughput of NCSP Group was 139.7 million tonnes. Consolidated revenue of the Group for 2015 under IFRS was $877 million. EBITDA – $ 657 million. The NCSP Group incorporates 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.

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