RAS net profit of NCSP in QI’2017 fell by 22.8% to RUB 7.4 bln
Net profit of Novorossiysk Commercial Sea Port (NCSP) for January-March 2017 calculated under Russian Accounting Standards totaled RUB 7.4 bln (down 22.8%).
The revenue fell by 19.6% to RUB 6.2 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 totaled 139.7 million tonnes. Consolidated revenue to IFRS in 2014 totalled USD 956 million and EBITDA was USD 569 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.