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Pin to quick picksPjsc Novor. S Regulatory News (NCSP)

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First Quarter Operating Results

12 Apr 2012 17:30

RNS Number : 2550B
PJSC Novorossiysk Comm. Sea Port
12 April 2012
 



Press-release

 

 

 

Rado Antolovic: "NCSP Group's share in total cargo turnover of Russian sea ports exceeded 32% in the first quarter of 2012"

12.04.2012

 

NCSP Group (LSE: NCSP, MICEX: NMTP) reports consolidated operating results for the first quarter of 2012.

NCSP Group's total cargo turnover in the reporting period amounted to 41.1 million tons which represents an increase of 3.9 million tons or 10.4% versus the same period of the previous year.

Total cargo turnover of Russian sea ports according to Association of Russia Sea Ports amounted to 127.3 million tons in the first quarter of 2012 which represents an increase of 5.3%.

Acting CEO of PJCS NCSP Rado Antolovic commented: "New management strategy to improve efficiency of operations processes yielded initial results. Although during the first quarter of 2012 transshipment was shut down due to extremely bad weather conditions from 14 to 30 days depending on the type of cargo, the Group was able to exceed the industry average growth rate by almost 2 times".

"We are currently seeing recovery in ferrous metals and timber, the demand for which fell significantly in 2011. Growth rate in turnover of ferrous metals, one of our most profitable cargos, almost twice exceeded the industry average", - Rado Antolovic added.

Growth in general cargo turnover in the first quarter of 2012 totaled 0.6 million tons or 24.5%. Growth was mainly attributed to an increase in turnover of ferrous metals by 0.6 million tons (32.6%), in timber by 9.2% (+ 13 thousand tones) and in other cargoes by 23 thousand tons which more than offset the decline in non-ferrous metals (-11 thousand tons) and perishable cargoes (-39 thousand tons).

In the first quarter of 2012 liquid cargo volumes increased by 1.8 million tons or 5.7% versus the same period of last year.

Crude oil transshipment by NCSP Group in the first quarter of 2012 totaled 28.5 million tons, which represents an increase of 5.2% compared to the first quarter of 2011. This growth is attributed to the increase in volumes of Primorsk Trade Port Ltd by 1.7 million tons or by 10.7%.

Volumes of oil products transshipment across the Group increased by 5.9% or by 0.3 million tons. The total volume of oil products handled during the reporting period amounted to 5 million tons, of which 1.8 million tons was attributed to diesel transshipment by Primorsk Trade Port Ltd.

According to Rado Antolovich "Growth of liquids turnover by 5.7% in the first quarter was achieved despite the reduction in handling of this type of cargo by Russian ports by 1.9%1».

In the first quarter of 2012 the Group handled 2.2 million tons of grain. March 2012 grain handling volumes exceeded 1 million tons, which represents the second highest monthly volume historically.

 

 According to Rado Antolovic "In March 2012 NCSP Group's management eliminated the fallback against 2011 container handling schedule in Novorossiysk, which accrued during bad weather conditions. Volume of containers handled in Novorossiysk amounted to 109 thousand TEU, which is 2,1% more than in 2011".

 

1 According to Association of Russia Sea Ports. 

 

NCSP Group Cargo Turnover in January-March 2012 (thousand tons)

January - March

Change, thsd. tons

Change, %

2012 год

2011 год

Cargo turnover, total

41 114,2

37 245,2

3 869,0

10,4%

Liquid cargo, total

33 713,5

31 894,0

1 819,6

5,7%

Crude oil

28 483,1

27 081,5

1 401,5

5,2%

Oil products

5 017,3

4 737,1

280,2

5,9%

UAN

60,5

75,4

-14,9

-19,7%

Seed oils

152,6

0,0

152,6

0,0%

Bulk Cargo, total

3 370,8

1 855,7

1 515,1

81,6%

Grain

2 293,9

68,3

2 225,6

3260,5%

Mineral fertilizers

341,1

602,5

-261,4

-43,4%

Sugar

109,7

346,3

-236,6

-68,3%

Iron ore and ore concentrate

564,7

812,1

-247,4

-30,5%

Scrap Metal

8,5

23,6

-15,1

-64,0%

Cement

52,9

2,9

50,0

1724,1%

General cargo, total

2 802,6

2 251,8

550,8

24,5%

Ferrous metals

2 292,8

1 728,6

564,2

32,6%

Timber

153,4

140,5

12,9

9,2%

Timber. thsd. cubic meters

278,9

255,5

23,4

9,1%

Non-ferrous metals

284,0

294,5

-10,5

-3,6%

Perishable cargo

37,9

76,7

-38,9

-50,7%

Other

34,5

11,4

23,1

202,7%

Containers

1 227,3

1 243,8

-16,5

-1,3%

Containers

1 227,3

1 243,8

-16,5

-1,3%

Containers, thsd. TEU

149,2

153,0

-3,8

-2,5%

 

For your convenience, information on NCSP Group's monthly cargo turnover for 2010-2012 is available in excel format following the link below

 

About NCSP Group

NCSP Group is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP).50.1% shares of PJSC NCSP belong to Novoport Holding Ltd, beneficiaries owners of which are JSC "Transneft" and Ziyavudin Magomedov (Summa Group). NCSP Group cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS for the nine months of 2011 totaled $782 million and EBITDA of $403.8 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, Primorsk Oil Terminal Ltd (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC NLE, OJSC IPP, and Baltic Stevedore Company Ltd.

 

For more information please contact:

 

For more information please contact:

Media: M.Sidorov@nmtp.info; senko@ncsp-net.com;

Investement Community: MGrigoriev@nmtp.info

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGGUAGCUPPGQP
Date   Source Headline
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30th Apr 20214:40 pmRNSSecond Price Monitoring Extn
30th Apr 20214:35 pmRNSPrice Monitoring Extension
29th Apr 20214:43 pmRNSSecond Price Monitoring Extn
29th Apr 20214:38 pmRNSPrice Monitoring Extension
1st Apr 20212:45 pmEQSNCSP Group's consolidated financial and operational results for 12 months 2020
16th Feb 20217:30 amEQSConsolidated cargo turnover of NCSP Group for the 12 months of 2020 against the same period the year before
22nd Jan 202110:40 amEQSConsolidated cargo turnover of NCSP Group for January-November 2020 against the same period the year before
9th Dec 20207:07 amEQSNCSP Group Consolidated Financial and Operating results for 9 months 2020
4th Dec 20201:00 pmEQSNCSP Group's consolidated cargo turnover for January-October 2020 against the same period the year before
18th Nov 20207:00 amEQSPJSC 'Novorossiysk Commercial Sea Port':  Consolidated cargo turnover of NCSP Group for January-September 2020 against the same period the year before
28th Oct 20204:41 pmRNSSecond Price Monitoring Extn
28th Oct 20204:36 pmRNSPrice Monitoring Extension
27th Oct 202010:30 amEQSConsolidated cargo turnover of NCSP Group for January-August 2020 against the same period the year before
15th Sep 20208:45 amEQSVyacheslav Skvortsov has been elected as the Chairman of PJSC NCSP's Board of Directors
1st Sep 20209:22 amEQSNCSP Group Consolidated Financial and Operating results for 6 months 2020
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9th Jun 202012:02 pmRNSPrice Monitoring Extension
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13th Apr 20208:39 amEQSNCSP Group introduces measures to fight COVID-19

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