Transneft is going to replace a director general and chairman Novorossiysky Sea Trading Port (NMTP) by its representatives, Kommersant newspaper informed.
It insists upon the initiation of the special BOD sitting and special meeting on the holders in short term on this issue.
This decision was provoked by the repeated disregard of Transneft's position on the management of NMTP.
NMTP Group (TIN 2315004404) involves Novorossiysky Sea Trading Port, Primorsky Trading Port (from 2011), Novorossiysky Crop Terminal, Novorossiysky Shipbuilding Yard, NMTP Fleet, Novoroslesexport, IPP, Baltic Stevedore Company.
Novorossiysky Sea Trading Port is the largest Russian port operator. It is ranked as the third among the European ports by the cargo turnover. The stocks are traded on MICEX and LSE.
50.1% are held by NovoportHoldingLtd which beneficiaries include Transneft and Z.Magomedov (Summa Group).
The 2011 net profit (RAS) rallied down 6 fold to 1.314bn rub.; revenues lost 0.7% to 9.858bn rub. from 9.927bn rub.; gross profit - 2.2% to 7.06bn rub. from 7.218bn rub.; profit from sales - 4.5% to 6.332bn rub. from 6.629bn rub.; pretax profit - 11.6 fold to 789.201mln rub. from 9.153bn rub. prior year.
The 9-month 2012 net profit (IAS) rallied up 4.5 fold to $319.7mln from $71.8mln prior year; revenues increased 0.5% to $785.9mln from $782mln; EBITDA - 16.1% to $468.8mln from $403.8mln.
Transneft (TIN 7706061801) is a monopolist on the crude oil exports market.
Over the 7-month 2009 period 226.4mln ton of the crude were exported. The reserves in the pipeline system gained 27.903mln ton of the crude and 1.223mln ton of petroleum products.
The share capital is worth 7.102mln rub. split in 5546847 common and 1554875 preferred stocks of 1 rub. par. The government has 78.1057% (100%); preferred stocks are held by the private persons.
The 9-month 2012 net profit (IAS) declined 8% to 142.993bn rub. from 155.465bn rub.; revenues rose 10% to 548.314bn rub. from 499.23bn rub.; operating profit - to 185.693bn rub. from 163.958bn rub.
The 9-month 2012 net profit (RAS) declined 29% to 7.826bn rub.; revenues moved up 10.5% to 514.34bn rub. from 465.79bn rub.; pretax profit dropped to 13.524bn rub. from 14.046bn rub.
"AK&M", 11.02.2013
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