PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group Consolidated Financial Results for 9 months 2019
02-Dec-2019 / 10:00 MSK
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according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
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announcement.
NCSP Group Consolidated Financial Results for 9 months 2019
02.12.2019
NCSP Group (LSE: NCSP, MOEX: NMTP) hereby announces its consolidated
operating and financial results for the nine months ended 30 September 2019,
prepared under International Financial Reporting Standards (IFRS).
NCSP Group transshipment of cargo during 9 months 2019 totaled 109,834
thousand tons, including 88,097 thousand tons of liquid cargo, 7,346
thousand tons of bulk cargo, 9,716 thousand tons of general cargo, 4,524
thousand tons (484 thousand TEU) of containers and 151 thousand tons of
other cargo.
NCSP Group's consolidated revenue for 9 months 2019 totaled $665,499
thousand, which is $47,001 thousand or 6,6 % below versus 9 months 2018.
Group's EBITDA and net profit in the reporting period totaled $500,830
thousand and $810,468 thousand respectively.
Cash and cash equivalents as at 30 September 2019 totaled $372,171 thousand.
Net debt totaled $548,002 thousand.
Net debt to LTM EBITDA ratio improved to 0.83* versus 1.26* at the beginning
of the year.
NCSP Group Key Financial Metrics for 9 months 2019
(thousand US dollars) 9m 2019 9m 2018 Change Change
%
Revenue 665,499 712,500 (47,001) (6.6%)
EBITDA* 500,830 512,931 (12,101) (2.4%)
EBITDA Margin* 75.3% 72% 3.3% -
Profit for the period 810,468 215,698 594,770 275.7%
(thousand US dollars) 30.09.2019 31.12.2018 Change Change
%
Debt (incl. financial 920,173 1,017,042 (96,869) (9.5%)
lease)
Cash and equivalents 372,171 172,865 199,306 115.3%
Net debt* 548,002 844,177 (296,175) (35.1%)
Net debt / LTM EBITDA* 0.83 1.26
* Management accounts
NCSP Group consolidated condensed interim financial information IFRS for 9
months 2019 is available for downloading at:
http://nmtp.info/en/holding/investors/reporting/msfo/ [1].
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 thousand. 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 by cargo turnover. Its
controlling shareholder (62%) is PJSC Transneft.
NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as
global depositary receipts (NCSP). NCSP Group's consolidated cargo turnover
for HY 2019 totaled 71.75 million tons. The Group's consolidated revenue as
per IFRS totaled USD 2018 million in 2018. NCSP Group is comprised of PJSC
Novorossiysk Commercial Sea Port, Primorsk Trade Port LLC, JSC Novorossiysk
Ship Repair Yard, JSC NCSP Fleet, JSC NLE, IPP LLC, NCS LLC, Baltic
Stevedore Company LLC, and SFP LLC.
Contacts
Public Relations: PR@ncsp.com
Investor Relations: IR@ncsp.com [2]
ISIN: US67011U2087
Category Code: QRT
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 32583
EQS News ID: 925521
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d9d47c6e89a1c374c002bf4e6e448730&application_id=925521&site_id=vwd&application_name=news
2: mailto:MShchur@ncsp.com
(END) Dow Jones Newswires
December 02, 2019 02:00 ET (07:00 GMT)
