PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group Consolidated Financial Results for 6 months 2019
29-Aug-2019 / 14:27 MSK
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according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
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Press-release
NCSP Group Consolidated Financial Results for 6 months 2019
29.08.2019
NCSP Group (LSE: NCSP, MoEx: NMTP) hereby announces its consolidated
operating and financial results for the six months ended 30 June 2019,
prepared under International Financial Reporting Standards (IFRS).
Transshipment of cargo during 6 months 2019 totaled 71 760 thousand tons,
including 55 879 thousand tons of liquid cargo, 5 588 thousand tons of bulk
cargo, 6 941 thousand tons of general cargo, 3 245 thousand tons (341
thousand TEU) of containers and 108 thousand tons of other cargo.
Group's EBITDA and net profit in the reporting period totaled $344 112
thousand and $630 367 thousand respectively.
NCSP Group's consolidated revenue for 6 months 2019 totaled $455 076
thousand, which is $25 402 thousand or 5,3% below versus 6 months 2018.
Cash and cash equivalents as at 30 June 2019 totaled $504 273 thousand. Net
debt totaled $416 588 thousand.
Net debt to LTM EBITDA ratio improved to 0,62* versus 1,26* at the beginning
of the year.
NCSP Group Key Financial Metrics
(thousand US dollars) 6m 2019 6m 2018 Change Change
%
Revenue 455 076 480 478 (25 402) (5,3%)
EBITDA* 344 112 342 660 1 452 0,4%
EBITDA Margin* 75,6% 71,3% 4,3%
Profit for the period 630 367 140 286 490 081 349,3%
(thousand US dollars) 30.06.2019 31.12.2018 Change Change
%
Debt (incl. financial 920 861 1 017 042 (96 181) (9,5%)
lease)
Cash and equivalents 504 273 172 865 331 408 191,7%
Net debt* 416 588 844 177 (427 589) (50,7%)
Net debt / LTM EBITDA* 0,62 1,26
* Management accounts
Interim condensed consolidated financial statements for 6 months 2019 is
available for downloading at:
http://nmtp.info/en/holding/investors/reporting/msfo/
The Group sold to LLC "Demetra 1" (the company of the VTB Group) 99.9968 %
of the share in the subsidiary of LLC NGT for $547 781. Ownership of the
share passed to LLC "Demetra 1" on 6 May 2019.
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 totaled
140,2* million tones. Consolidated revenue to IFRS in 2018 totaled 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: IR
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 18430
EQS News ID: 865431
End of Announcement EQS News Service
1: mailto:MShchur@ncsp.com
(END) Dow Jones Newswires
August 29, 2019 07:27 ET (11:27 GMT)
