12th Dec 2013 08:00
PRESS RELEASE
NCSP Group turnover in 11M 2013 amounted to 129.5 mln tonnes
12.12.2013
Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) announces today that its consolidated cargo turnover for the eleven month period of January-November 2013 amounted to 129.5 million tonnes, compared to 146.8 million tonnes for the same period of 2012.
Liquid cargo
Handling of liquid cargo in the reporting period comprised 107,781 ths tonnes. Crude oil handling totalled 84,887 ths tonnes, oil products handling amounted to 22,173 ths tonnes, UAN handling equalled 550 ths tonnes, and seed oils totalled 170 ths tonnes. Oil products volumes at Primorsk Trade Port and at the Novorossiysk Fuel Oil Terminal have grown by 47% and 109% year-on-year, respectively.
Bulk cargo
Bulk cargo handling in January-November 2013 totalled 7,643 ths tonnes. This included 3,397 ths tonnes of grain; 1,775 ths tonnes of iron ore; 767 ths tonnes of coal; 751 ths tonnes of mineral fertilizers; 748 ths tonnes of sugar, and 199 ths tonnes of cement.
Growth in iron ore volumes accelerated to 11.4% year-on-year during the reporting period, up from 8.9% year-on-year for the first 10 months of 2013. Growth in raw sugar volumes slowed to 24.4% year-on-year for 11M 2013 following an increase in the forecast for domestic sugar-beet supply.
General cargo
General cargo volumes in the first 11 months of 2013 amounted to 9,667 ths tonnes. Ferrous metals and non-ferrous metals volumes were 7,835 ths tonnes and 949 ths tonnes, respectively. The year-on-year decline in ferrous metals volumes shrank back to 1.2% for 11M 2013, compared to 2.3% in 10M 2013.
Containers
NCSP Group's container throughput in January-November 2013 totalled 555 ths TEU, compared to 567 ths TEU a year earlier.
NCSP Group Cargo Turnover in January-November 2013 ('000 tonnes)
Type of cargo | 11M 2013 | 11M 2012 | Change | Change, % |
Cargo turnover, total | 129,478.5 | 146,785.0 | (17,306.5) | (11.8%) |
Liquid cargo, total | 107,780.8 | 121,081.4 | (13,300.6) | (11.0%) |
Crude oil | 84,887.4 | 102,980.4 | (18,093.0) | (17.6%) |
Oil products | 22,173.3 | 17,280.5 | 4,892.8 | 28.3% |
UAN | 550.2 | 422.1 | 128.1 | 30.3% |
Seed oils | 169.9 | 398.4 | (228.5) | (57.4%) |
Bulk cargo, total | 7,642.9 | 11,088.3 | (3,445.4) | (31.1%) |
Grain | 3,396.7 | 7,578.4 | (4,181.7) | (55.2%) |
Mineral fertilizers | 751.4 | 838.5 | (87.1) | (10.4%) |
Sugar | 748.4 | 601.8 | 146.6 | 24.4% |
Iron ore and ore concentrate | 1,774.9 | 1,593.0 | 181.9 | 11.4% |
Scrap Metal | 5.4 | 34.8 | (29.4) | (84.5%) |
Cement | 198.7 | 273.0 | (74.3) | (27.2%) |
Coal | 767.4 | 168.8 | 598.6 | 354.6% |
General cargo, total | 9,667.3 | 9,969.0 | (301.7) | (3.0%) |
Ferrous metals | 7,835.1 | 7,928.3 | (93.2) | (1.2%) |
Timber | 425.9 | 677.0 | (251.1) | (37.1%) |
Timber (ths cubic metres) | 774.0 | 1,223.2 | (449.2) | (36.7%) |
Non-ferrous metals | 949.3 | 1,021.0 | (71.7) | (7.0%) |
Perishable cargo | 276.5 | 205.5 | 71.0 | 34.6% |
Other | 180.5 | 137.2 | 43.3 | 31.6% |
Containers | 4,387.5 | 4,646.4 | (258.9) | (5.6%) |
Containers (ths TEU) | 555.3 | 567.4 | (12.1) | (2.1%) |
For your convenience, NCSP Group's monthly cargo turnover data is available in Excel format on the company's website.
About NCSP Group
NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2012 totalled 159 million tonnes. Consolidated revenue according to IFRS in 2012 totalled USD 1,034 million and EBITDA was USD 591.5 million. NCSP Group consolidates the following companies: PJSC "Novorossiysk Commercial Sea Port", LLC "Primorsk Trade Port", PJSC "Novorossiysk Grain Terminal", OJSC "Novorossiysk Ship Repair Yard", OJSC "NCSP Fleet", OJSC "NLE", OJSC "IPP", CJSC "Baltic Stevedore Company", and CJSC "SFP".
Contacts
Kristina Senko, Public Relations; [email protected]
Mikhail Shchur, Investor Relations; [email protected]
Related Shares:
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