Novorossiysky Sea Trading Port Group (NMTP) BOD made a decision to call a special meeting Aug. 13 to consider the preterm cancellation of the director general powers, the company informed.
NMTP (TIN 2315004404) 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 Novoport Holding Ltd, which beneficiaries are Transneft and Summa Group.
NMTP Group involves Novorossiysky Sea Trading Port, Primorsky Trading Port (from 2011), Novorossiysky Crop Terminal, Novorossiysky Shipbuilding Yard, NMTP Fleet, Novoroslesexport, IPP, Baltic Stevedore Company.
The 2013-net losses (IAS) gained 3.335bn rub. vs. 9.824bn rub. in profit prior year; revenues climbed down 8.03% to 29.558bn rub. from 32.14bn rub.; EBITDA - 13.71% to $510.4bn from $591.5mln; operating profit being halved to 5.323bn rub. from 13.02bn rub.; pretax losses coming to 2.169bn rub. vs. 12.931bn rub. in profit prior year.
The 2013 net profit (RAS) dropped 48.9% to 2.62bn rub. from 5.127bn rub.; revenues declined 3.59% to 10.275bn rub. from 10.658bn rub.; profit from sales - 8.28% to 5.814bn rub. from 6.339bn rub.; pretax profit - 2.89 fold to 2.257bn rub. from 6.528bn rub.
The IQ 2014 net losses (IAS) reached $32.192mln rub. vs. $37.787mln in profit prior year; revenues climbed up 6.69% to $255.436mln from $239.42mln; operating profit declined 15.57% to $133.06mln from $115.134mln; pretax losses coming to $38.678mln vs. $46.801mln in profit; EBITDA increased 10.49% to $151.7mln from $137.3mln; net debts dropped 5.2% to $1.673bn from $1.765bn.