PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group Consolidated Financial Results for 9 months 2019 02.12.2019 NCSP Group (LSE: NCSP, MOEX: NMTP) hereby announces its consolidated operating and financial results for the nine months ended 30 September2019, prepared under International Financial Reporting Standards (IFRS). NCSP Group transshipment of cargo during 9 months 2019 totaled 109,834thousand tons, including 88,097thousand tons of liquid cargo, 7,346thousand tons of bulk cargo, 9,716thousand tons of general cargo, 4,524thousand tons (484thousand TEU) of containers and151thousand tons of other cargo. NCSP Group's consolidated revenue for 9 months 2019totaled$665,499thousand, which is $47,001thousand or 6,6% below versus9 months 2018. Group's EBITDA and net profit in the reporting period totaled $500,830thousandand $810,468thousand respectively. Cash and cash equivalents as at 30 September 2019 totaled $372,171thousand. Net debt totaled$548,002thousand. Net debt to LTM EBITDAratio improved to 0.83* versus 1.26*at the beginning of the year.
NCSP Group Key Financial Metrics for 9 months 2019
* Management accounts NCSP Group consolidated condensed interim financial information IFRS for 9 months 2019 is available for downloading at: http://nmtp.info/en/holding/investors/reporting/msfo/. The Group sold to LLC "Demetra 1" (the company of the VTB Group) 99.9968 % of the share in the subsidiary of LLC NGT for $547,781 thousand. Ownership of the share passed to LLC "Demetra 1" on 6 May 2019.
About NCSP Group NCSP Group is the largest port operator in Russia by cargo turnover. Its controlling shareholder (62%) is PJSC Transneft. NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as global depositary receipts (NCSP). NCSP Group's consolidated cargo turnover for HY 2019 totaled 71.75 million tons. The Group's consolidated revenue as per IFRS totaled USD 2018 million in 2018. NCSP Group is comprised of PJSC Novorossiysk Commercial Sea Port, Primorsk Trade Port LLC, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, IPP LLC, NCS LLC, Baltic Stevedore Company LLC, and SFP LLC.
Contacts Public Relations: PR@ncsp.com Investor Relations: IR@ncsp.com
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ISIN: | US67011U2087 |
Category Code: | QRT |
TIDM: | NCSP |
LEI Code: | LEIA0010014976 |
Sequence No.: | 32583 |
EQS News ID: | 925521 |
End of Announcement | EQS News Service |