PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group's consolidated financial and operational results for the 6 months of 2021

30-Aug-2021 / 18:31 MSK
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30.08.2021

NCSP Group's consolidated financial and operational results for the 6 months of 2021

NCSP Group (LSE: NCSP; MOEX: NMTP) publishes its consolidated financial results for the 6 months of 2021 prepared in accordance with the International Financial Reporting Standards (IFRS).

Consolidated cargo turnover of NCSP Group for the 6 months of 2021 totaled 58.4 mln. tons, including 46.2 mln. tons of liquid cargo, which is 4.3 and 4.7 mln. tons down year-on-year, respectively. Cargo turnover of dry cargo increased by 0.4 mln. tons and amounted to 12.2 mln. tons. The cargo turnover was mainly impacted by the reduction of crude oil transshipment due to OPEC+ agreement since May 1, 2020 to limit oil production.

 

Consolidated revenue of NCSP Group for the 6 months of 2021 totaled USD 362.6 mln., which is USD 6 mln. (or 1.7%) more compared to the 6 months of 2020. First of all, the growth in revenue was due to an increase in the cargo turnover of such cargo as containers, ferrous metals, chemical cargo and other cargo.

 

EBITDA of NCSP Group amounted to USD 254.8 mln. in the reporting period. Cash and cash equivalents as at June 30, 2021 stood at USD 237.5 mln. The Group's net debt reduced by USD 162 mln.

 

NCSP Group's key financial indicators for the 6 months of 2021

 

Indicator

UOM

6M 2021

6M 2020

Change

Change, %

Revenue

mln.USD

362.6

356.6

6.0

1.7%

EBITDA

mln.USD

254.8

254.4

0.4

0.2%

EBITDA margin

%

70.3

71.4

-1.1

 

Profit for the period

mln.USD

171.2

86.4

84.7

98,0%

 

 

Jun 30, 2021

Dec 31, 2020

Change

Change, %

Debt (incl. lease liabilities)

mln.USD

487.0

602.1

-115.1

-19.1%

Cash and cash equivalents

mln.USD

237.5

190.6

46.9

24.6%

Net debt

mln.USD

249.5

411.5

-162.0

-39.4%

 

NCSP Group's Interim Condensed Consolidated Financial Statements as per IFRS for the 6 months of 2021 are published at: http://www.nmtp.info/holding/investors/reporting/msfo/.

 

NCSP Group is the largest port operator in Russia by cargo turnover. Its controlling shareholder (62%) is PJSC "Transneft".

 

PJSC NCSP shares are traded on Moscow Exchange (NMTP) and London Stock Exchange as global depositary receipts (NCSP).  NCSP Group comprises PJSC "NCSP", LLC "PTP", JSC "Novorossiysk shiprepair yard", JSC "FNCSP", JSC "NLE", "IPP" Ltd, LLC "Baltic Stevedore Company", and "SFP" LLC. PJSC "NCSP" and PJSC "Transneft" own LLC "NFT" on a parity basis.



ISIN: US67011U2087
Category Code: IR
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 121069
EQS News ID: 1229836

 
End of Announcement EQS News Service

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