In January-September 2007, Novorossiysk Commercial Sea Port increased its net profit under Russian Accounting Standard by 62.4%, year-on-year, to RUR 1.606 billion, Interfax reports according to Yuga.Ru. The company’s accounts payable grew from RUR 179.771 as of January 1, 2007 to RUR 374.433 million as of September 30, 2007. Short-term accounts receivable fell from RUR 823.305 million to RUR 477.233 million.
Novorossiysk Commercial Sea Port (NCSP OJSC) is the largest stevedoring company operating at the port of Novorossiysk. In 2006, the company’s throughput totaled 74.899 million tonnes. Beneficiaries of the company’s control stake are Aleksandr Ponomorenko and Aleksandr Skorobogatko. The trusts acting in their interests control Kadina Limited (holding 52.9% of NCSP shares). The state owns 20% of the company’s shares. Russian Railways OJSC has 16% of voting right shares.