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: MSidorov@ncsp.com
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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)
