The profit of NCSP under IFRS for 9 months increased almost 4 times

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AK&M 02 December 2021 18:28

The profit of NCSP under IFRS for 9 months of 2021 increased almost 4 times to $233.9 million from $58.9 million a year earlier. Revenue increased by 9.3% to $526.1 million from $481.5 million, EBITDA increased by 10.8% to $363 million from $327.7 million. This was announced by the company.

NCSP is the largest Russian port operator in terms of cargo turnover. The controlling shareholder of PJSC NCSP (62%) is PJSC Transneft. NCSP Group unites the companies PJSC NCTP, LLC PTP, JSC NSRZ, JSC Fleet NCTP, JSC NLE, LLC IPP, LLC Baltic Stevedoring Company and LLC SFP. On a parity basis, PJSC NCSP and PJSC Transneft own LLC NMT.

The profit of NCSP under IFRS for the first half of 2021 increased by 2 times to 12.7 billion rubles from 5.99 billion rubles a year earlier. Revenue increased by 8.9% to RUB 26.9 billion from RUB 24.7 billion, EBITDA increased by 7.2% to RUB 18.93 billion from RUB 17.65 billion.