on August 29, 2013, NCSP Group (LSE: NCSP) intends to post its condensed consolidated IFRS financial statement under IFRS for the six-month period ending on June 30, 2013, NCSP informed.
It will be recalled that NCSP's net profit (IFRS) for H1 2012 decreased by 36.6% to $141.049 million from $222.472 million the year before. Revenue grew by 9.5% to $541.073 million from $494.117 million, GP by 32.67% to $320.334 million from $241.453 million.
NCSP Group (Novorossiysk Commercial Sea Port) is the largest Russian port operator ranking third largest operator in Europe in the cargo turnover volume. The shares of NCSP are quoted on the Moscow Exchange in Russia (under the NMTP ticker) and the LSE as GDRs (under the NCSP ticker). 50.1% of OJSC NCSP shares belong to Novoport Holding Ltd whose beneficiaries are JSC Transneft and Summa Group.
NCSP Group unites the following stevedoring companies: OJSC Novorossiysk Commercial Sea Port, Primorsk Trade Port LLC (since 2011), OJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, OJSC Fleet NCSP, OJSC Novoroslesexport, OJSC IPP, Baltiysk Stevedoring Company LLC and CJSC SFP.
IFRS net profit of the NCSP Group for Q1 2013 dropped 6.7-fold to $37.787 million from $252.848 million the year before. Revenue decreased by 12.8% and was $239.42 million against $274.678 million, EBITDA went down 21% to $137.291 million from $174.11 million.
According to the information and retrieval system DataCapital, RAS net loss of NCSP for Q1 2013 was RUB 563.475 million against a profit of RUB 5.674 billion the year before. Revenue decreased by 5.5% to RUB 2.616 billion from RUB 2.769 billion, GP by 10.73% to RUB 1.791 billion from RUB 2.006 billion. Loss before tax was RUB 674.597 million against a profit of RUB 7.098 billion.
"AK&M", 27.08.2013 18:32