NCSP Group's consolidated cargo turnover for January-October 2020 against the same period the year before

 
 PJSC 'Novorossiysk Commercial Sea Port' (NCSP) 
NCSP Group's consolidated cargo turnover for January-October 2020 against 
the same period the year before 
 
04-Dec-2020 / 16:00 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
 NCSP Group's consolidated cargo turnover for January-October 2020 against 
                      the same period the year before 
 
04.12.2020 
 
   Normalized[1] cargo turnover of the Group (LSE: NCSP, MOEX: NMTP) totaled 
                                                 92.7 million tons (-21.9%). 
 
Liquid cargo 
 
   Transshipment of liquid cargo amounted to 73.8 million tons, down by 23.6 
     million tons (-24.2%). The indicator was mostly affected by decrease in 
transshipment of crude oil (-32%, or 21.6 million tons) against the backdrop 
      of a general decline in cargo turnover of this raw material in Russian 
      ports, following the global trends caused by the COVID-19 pandemic and 
  implementation of the OPEC+ agreement to reduce oil production from May 1, 
                                                                       2020. 
 
                                                                   Dry cargo 
 
      Transshipment of dry cargo amounted to 18.9 million tons (-11%, or 2.4 
      million tons), including 5.8 million tons of bulk cargo (+8,7%, or 0.5 
million tons). The increase in bulk cargo transshipment partially offset the 
     decline in ferrous metal and cast iron turnover, as their transshipment 
          volume amounted to 8.1 million tons (-16.3%, or 1.6 million tons). 
 
    NCSP Group is the largest port operator in Russia by cargo turnover. Its 
                            controlling shareholder (62%) is PJSC Transneft. 
 
  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, Baltic Stevedore Company LLC, and JSC SFP. PJSC NCSP and PJSC 
                                    Transneft own NCS LLC on a parity basis. 
 
                                       For more information, please contact: 
 
                                               [e-mail] (for press) 
 
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      [1] NCSP Group's cargo turnover normalized indicators for 2019: in the 
   transshipment volume, the turnover through NGT LLC and Berth No. 3 is not 
                                                         taken into account. 
 
ISIN:          US67011U2087 
Category Code: MSCH 
TIDM:          NCSP 
LEI Code:      LEIA0010014976 
Sequence No.:  89075 
EQS News ID:   1152916 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

December 04, 2020 08:00 ET (13:00 GMT)