PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group Consolidated Financial Results for Q1 2019
31-May-2019 / 12:50 MSK
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Press-release
NCSP Group Consolidated Financial Results for Q1 2019
31.05.2019
NCSP Group (LSE: NCSP, MoEx: NMTP) hereby announces its consolidated
operating and financial results for the three months, ended 31 March 2019,
prepared under International Financial Reporting Standards (IFRS).
Transshipment of cargo in Q1 2019 totaled 35 950 thousand tons, including 26
540 thousand tons of liquid cargo, 3 678 thousand tons of bulk cargo, 4 092
thousand tons of general cargo, 1 509 thousand tons (161 thousand TEU) of
containers and 131 thousand tons of other cargo.
NCSP Group's consolidated revenue for Q1 2019 increased by $1 977 thousand
or 0,8% year-on-year and totaled $239 885 thousand.
Group's EBITDA and net profit in the reporting period totaled $186 684
thousand* and $167 737 thousand respectively.
Cash and cash equivalents at 31 March 2019 totaled $183 224 thousand. Net
debt reduced to $ 837 794 thousand.
Net debt to LTM EBITDA ratio improved to 1,22* versus 1,26* at the beginning
of the year.
NCSP Group Key Financial Metrics for the Q1 2019
(thousand US dollars) Q1 2019 Q1 2018 Change Change %
Revenue 239 885 237 908 1 977 0,8%
EBITDA* 186 684 167 997 18 687 11,1%
EBITDA Margin* 77,8% 70,6% 7,2%
Profit for the period 167 737 111 170 56 567 50,9%
(thousand US dollars) 31.03.2019 31.12.2018 Change Change %
Debt (incl. financial 1 021 018 1 017 042 3 976 0,4%
lease)
Cash and equivalents 183 224 172 865 10 359 6,0%
Net debt* 837 794 844 177 -6 383 -0,8%
Net debt / LTM EBITDA* 1,22 1,26
* Management accounts
Complete consolidated financial information for Q1 2019 is available for
downloading at:
http://nmtp.info/en/holding/investors/reporting/msfo/
Additionally inform that in April 2019, the Group sold 99,9968% of LLC NZT.
The transaction price was $543 709 thousand and should be adjusted by the
amount of deviation of the actual working capital of LLC NZT from the
estimated value of $4 600 thousand.
About NCSP Group
NCSP Group is the largest port operator in Russia and the third largest in
Europe, in terms of cargo turnover in 2018. NCSP shares are traded on
Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in
the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2018 totalled
140,2* million tonnes. Consolidated revenue to IFRS in 2018 totalled USD
$951 million. NCSP Group consolidates the following companies: PJSC
Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk
shiprepair yard, JSC FNCSP, JSC NLE, LLC IPP, LLC Baltic Stevedore Company,
and LLC SFP.
Contacts
Public Relations: PR@ncsp.com
Investor Relations: IR@ncsp.com [1]
ISIN: US67011U2087
Category Code: QRF
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 8901
EQS News ID: 817849
End of Announcement EQS News Service
1: mailto:MShchur@ncsp.com
(END) Dow Jones Newswires
May 31, 2019 05:50 ET (09:50 GMT)
