NCSP Group has announced its consolidated financial results for the nine months, ending 30 September 2017, prepared under International Financial Reporting Standards (IFRS).
NCSP Group’s net profit fell by 26.4%, year-on-year, to $359 354 thousand.
NCSP Group’s consolidated revenue for 9M 2017 increased by $12 252 thousand or 1.9% compared to that of 9M 2016 and reached $661 557 thousand.
Group’s EBITDA in the reporting period totaled $482 453 thousand, which is 6.7% less than that of nine months 2016.
NCSP Group is the largest port operator in Russia and the third largest in Europe by cargo turnover in 2016. NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as GDRs (NCSP). NCSP Group volumes in 2016 totaled 147 million tons. Consolidated revenue to IFRS in 2016 totaled $865.5 million and EBITDA $675.5 million. NCSP Group consists of: PJSC Novorossiysk Commercial Sea Port, Primorsk Trade Port LLC, Novorossiysk Grain Terminal LLC, OJSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, JSC SFP.