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  • Cargo turnover of NCSP Group in QI’2021 fell by 19.3% YoY
  • 2021 June 3 10:41

    Cargo turnover of NCSP Group in QI’2021 fell by 19.3% YoY

    NCSP Group 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 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.




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2021 November 27

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2021 November 26

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2021 November 25

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