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Consolidated Financial and Operating Results of NCSP Group for 3 months of 2021

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PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
02-Jun-2021 / 15:55 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.

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

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