PJSC 'Novorossiysk Commercial Sea Port': NCSP Group's total cargo turnover increased by 6.9% in January 2012
EquityStory.RS, LLC-News: PJSC 'Novorossiysk Commercial Sea Port' / Key word(s): Miscellaneous PJSC 'Novorossiysk Commercial Sea Port': NCSP Group's total cargo turnover increased by 6.9% in January 2012
13.02.2012 / 12:05
NCSP Group's total cargo turnover increased by 6.9% in January 2012
NCSP Group (LSE: NCSP, MICEX: NMTP) reports consolidated operating results for January 2012.
NCSP Group's total cargo turnover in the reporting period amounted to 13.8 million tons which represents an increase of 0.9 million tons or 6.9% versus January 2011.
In January 2012 liquid cargo volumes increased by 0.6 million tons or 5.5% versus the same period of last year.
Crude oil transshipment by NCSP Group in January 2012 totaled 9.9 million tons, which represents an increase of 5.2% compared to January 2011 volumes. This growth is attributed to the increase in volumes of Primorsk Trade Port Ltd by 0.9 million tons or by 16.4%.
Volumes of oil products transshipment across the Group increased by 6.4% or by 0.1 million tons. The total volume of oil products handled during the reporting period amounted to 1.7 million tons, of which 0.6 million tons attributed to diesel transshipment by Primorsk Trade Port Ltd.
In January 2011 the Group handled 0.57 million tons of grain.
Growth in general cargo turnover in January 2012 totaled 0.15 million tons or 22%. The growth was attributed to an increase of turnover in ferrous metals by 0.2 million tons (40%) and perishable goods by 29% (1.7 thousand tons) which offset the decline in timber handling (-27.4 thousand tons), non-ferrous metals (-22 thousand tons) and other cargoes (-6 thousand tones).
In January 2012 Group's container traffic in TEU terms decreased by 13.7% versus January 2011 and totaled 41.7 thousand TEU.
Deputy CEO for marketing and sales of PJSC NCSP Rado Antolovic commented:
'January results were significantly influenced by weather conditions in Novorossiysk. There were eight storm warnings with total duration of more than 12 days during the month. The last time that similar weather conditions were observed was in December 1997.
However, despite the unfavorable weather conditions, NCSP Group management team was able to achieve growth in cargo turnover of 6.9% versus the same period of last year'.
For your convenience, information on NCSP Group's monthly cargo turnover for 2010-2012 is available in excel format in the file attached below.
NCSP Group Cargo Turnover in January 2012 (thousand tons)
January Change, thsd. Change, % tons 2012 2011 Cargo turnover, total 13 758,2 12 864,8 893,4 6,9% Liquid cargo, total 11 628,3 11 017,5 610,8 5,5% Crude oil 9 883,6 9 394,3 489,3 5,2% Oil products 1 683,4 1 581,9 101,5 6,4% UAN 33,0 41,3 -8,3 -20,1% Seed oils 28,3 0,0 28,3 0,0% Bulk Cargo, total 932,2 746,9 185,4 24,8% Grain 570,3 17,6 552,6 3138,2% Mineral fertilizers 135,7 205,3 -69,6 -33,9% Sugar 22,8 120,6 -97,8 -81,1% Iron ore and ore 187,0 403,4 -216,4 -53,6% concentrate Scrap Metal 3,1 0,0 3,1 0,0% Cement 13,3 0,0 13,3 0,0% General cargo, total 849,3 696,8 152,5 21,9% Ferrous metals 722,8 516,6 206,2 39,9% Timber 26,8 54,2 -27,4 -50,5% Timber. thsd. cubic 48,7 98,5 -49,8 -50,5% meters Non-ferrous metals 82,4 104,3 -21,8 -20,9% Perishable cargo 7,4 5,7 1,7 28,8% Other 9,9 16,0 -6,1 -38,3% Containers 348,4 403,6 -55,3 -13,7% Containers 348,4 403,6 -55,3 -13,7% Containers, thsd. TEU 41,7 48,8 -7,1 -14,6%
About NCSP Group Novorossiysk Commercial Sea Port is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP). 50.1% shares of PJSC 'NCSP' belongs to Novoport Holding Ltd, beneficiaries owners of which are JSC 'Transneft' and Ziyavudin Magomedov (Summa Group). NCSP Group consolidated cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS for the nine months of 2011 totaled $782 million and EBITDA of $404 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, Primorsk Trade Port Ltd (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC Fleet of NCSP, OJSC NLE, OJSC IPP, and Baltic Stevedoring Company Ltd. For more information please contact: Media: M.Sidorov@nmtp.info; senko@ncsp-net.com; Investement Community: MGrigoriev@nmtp.info
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ISIN US67011U2087
AXC0132 2012-02-13/12:05
