DJ Consolidated Financial and Operating Results of NCSP Group for 3 months of 2021
PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
Consolidated Financial and Operating Results of NCSP Group for 3 months of 2021
02-Jun-2021 / 15:55 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
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The issuer is solely responsible for the content of this announcement.
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Press Release
June 2, 2021
Consolidated Financial and Operating Results of NCSP Group for 3 months of 2021
NCSP Group (LSE: NCSP; MOEX: NMTP) publishes Consolidated Financial Results for 3 months of 2021, prepared in
accordance with International Financial Reporting Standards (IFRS).
Key Consolidated Financial Indicators of NCSP Group for 3 months of 2021
Indicator UOM 3M 2021 3M 2020 Change Change, %
Cargo turnover, incl. million tons 27.5 34.1 -6.6 -19.3%
Liquid cargo million tons 21.8 28.3 -6.5 -23.0%
Dry cargo million tons 5.7 5.8 -0.1 -1.4%
Revenue USD thousand 173,607 200,070 -26,463 -13.2%
EBITDA USD thousand 120,592 146,404 -25,812 -17.6%
EBITDA margin % 69.5% 73.2% -3.7% -5.1%
Profit / (loss) for the period USD thousand 65,658 -43,883 109,541 249.6%
03.31.2021 12.31.2020 Change Change, %
Debt (incl. leasing) USD thousand 599,425 602,071 -2,646 -0.4%
Cash and cash equivalents USD thousand 207,292 190,598 16,694 8.8%
Net debt USD thousand 392,133 411,473 -19,340 -4.7%
Consolidated cargo turnover of NCSP Group for Q1 2021 amounted to 27.5 million tons, which is 6.6 million tons less than in Q1 2020. The main impact on cargo turnover, as well as revenue and EBITDA, was a decrease in the transshipment of liquid cargo, including crude oil, by 5.5 million tons due to macroeconomic restrictions developed since April-May 2020 due to the pandemic and the OPEC+ agreement.
The net profit for Q1 2020 was greatly influenced by the revaluation of debt foreign currency obligations. Its impact on net profit in Q1 2021 was less significant.
NCSP Group's consolidated financial statements as per IFRS for Q1 2021 are published at:
http://www.nmtp.info/holding/investors/reporting/msfo/
NCSP Group is the largest port operator in Russia by cargo turnover. PJSC Transneft is PJSC NCSP's controlling shareholder (62%).
PJSC NCSP shares are listed on the Moscow Stock Exchange (ticker NMTP), and also on the London Stock Exchange in the form of global depositary receipts (ticker NCSP). NCSP Group unites the companies PJSC NCSP, Primorsk Trade Port LLC, JSC Novorossiysk Ship Repair Yard, JSC Fleet NCSP, SC NCSP Fleet, IPP LLC, Baltic Stevedore Company LLC and SFP LLC. PJSC NCSP and PJSC Transneft own NCS LLC on a parity basis. -----------------------------------------------------------------------------------------------------------------------
ISIN: US67011U2087 Category Code: MSCH TIDM: NCSP LEI Code: LEIA0010014976 Sequence No.: 108959 EQS News ID: 1203740 End of Announcement EQS News Service =------------------------------------------------------------------------------------ Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1203740&application_name=news
(END) Dow Jones Newswires
June 02, 2021 08:55 ET (12:55 GMT)
