PJSC Novorossiysk Commercial Sea Port: Consolidated cargo turnover of NCSP Group for January-September 2020 against the same period the year before

DJ PJSC 'Novorossiysk Commercial Sea Port': Consolidated cargo turnover of NCSP Group for January-September 2020 against the same period the year before

PJSC 'Novorossiysk Commercial Sea Port' (NCSP) 
PJSC 'Novorossiysk Commercial Sea Port': Consolidated cargo turnover of NCSP 
Group for January-September 2020 against the same period the year before 
 
18-Nov-2020 / 10:00 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Consolidated cargo turnover of NCSP Group for January-September 2020 against 
                      the same period the year before 
 
Normalized[1] cargo turnover of NCSP Group (LSE: NCSP, MOEX: NMTP) totaled 
84.4 million tons (-21.3%). 
 
Liquid cargo 
 
Transshipment of liquid cargo was down by 20.6 million tons (-23.4%) to 67.5 
million tons. The main drivers of this indicator's dynamics were a decrease 
in the volume of transshipment of crude oil (-31.8%, or 19.4 million tons) 
against the background of the overall decrease in such cargo turnover at 
Russian ports which was due to the global COVID-related trends and the 
implementation of the agreement OPEC+ from May 1, 2020 to reduce oil 
production. Transshipment of light oil products was up by 0.3 million tons 
(or +1.3%). 
 
                                                                   Dry cargo 
 
    Transshipment of dry cargo amounted to 16.9 million tons (-12.1%, or 2.3 
      million tons), including 5.2 million tons of bulk cargo (+8.8%, or 0.4 
million tons). The increase in bulk cargo transshipment partially offset the 
      decline in ferrous metal and cast-iron turnover as their transshipment 
          volume amounted to 7.2 million tons (-17.9%, or 1.6 million tons). 
 
    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 is comprised of PJSC 
 Novorossiysk Commercial Sea Port, Primorsk Trade Port LLC, JSC Novorossiysk 
Ship Repair Yard, JSC NCSP Fleet, JSC NLE, IPP LLC, Baltic Stevedore Company 
      LLC, and JSC SFP. PJSC NCSP and PJSC Transneft own NCS LLC on a parity 
                                                                      basis. 
 
                                       For more information, please contact: 
 
                                                    Press: [e-mail] 
 
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[1] NCSP Group's cargo turnover normalized indicators for 2019: the turnover 
            through NGT LLC and Berth No. 3 is not taken into account in the 
                                                       transshipment volume. 
 
ISIN:          US67011U2087 
Category Code: MSCM 
TIDM:          NCSP 
LEI Code:      LEIA0010014976 
Sequence No.:  88089 
EQS News ID:   1148991 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

November 18, 2020 02:00 ET (07:00 GMT)