Last checked at 13 Sep 2013 13:00
PRESS RELEASE
NCSP Group turnover in 8M 2013 amounted to 94.6 mln tonnes
13.09.2013
Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) announces today that its consolidated cargo turnover for the period of January-August 2013 amounted to 94.6 million tonnes, compared to 107.8 million tonnes in the first eight months of 2012.
Liquid cargo
Handling of liquid cargo in the reporting period was 79,195 ths tonnes, compared to 88,927 ths tonnes in January-August 2012. Crude oil handling totalled 61,462 ths tonnes, oil products handling amounted to 17,212 ths tonnes, UAN handling equalled 410 ths tonnes, and seed oils handling amounted to 111 ths tonnes during the first eight months of 2013.
Oil products handling in January-August continued its sustainable growth, with a 40.1% year-on-year increase of 4,923 ths tonnes. The growth came from both the Novorossiysk Fuel Oil Terminal and from the Primorsk Trade Port, which saw year-on-year increases of 2,194 ths tonnes and 2,089 ths tonnes, respectively.
Bulk cargo
NCSP Group handled 4,956 ths tonnes of bulk cargo in 8M 2013 compared to 8,120 ths tonnes a year earlier.
Grain handling during 8M 2013 amounted to 1,600 ths tonnes, with August turnover accounting for 787 ths tonnes, nearly the same amount as the total handled in the preceding seven months.
Iron ore handling reached 1,393 ths tonnes for January-August 2013, a year-on-year increase of 12.8%.
Sugar handling volumes increased 14.3% year-on-year for January-August 2013, supported by the contraction of beet-root sugar production in Russia.
General cargo
General cargo volumes in 8M 2013 amounted to 7,166 ths tonnes. Ferrous metals volumes were nearly unchanged year-on-year at 5,826 ths tonnes. Timber handling decreased by 34.4% year-on-year.
Containers
NCSP Group's total container throughput in January-August 2013 was 415.5 ths TEU, which is 3.4 ths TEU below 2012 volumes for the same period.
NCSP Group Cargo Turnover in January-August 2013 ('000 tonnes)
Type of cargo | 8M 2013 | 8M 2012 | Change | Change, % |
Cargo turnover, total | 94,557.2 | 107,771.0 | (13,213.8) | (12.3%) |
Liquid cargo, total | 79,195.4 | 88,926.8 | (9,731.4) | (10.9%) |
Crude oil | 61,462.4 | 76,002.8 | (14,540.4) | (19.1%) |
Oil products | 17,212.2 | 12,289.3 | 4,922.9 | 40.1% |
UAN | 409.6 | 272.4 | 137.2 | 50.4% |
Seed oils | 111.2 | 362.3 | (251.1) | (69.3%) |
Bulk cargo, total | 4,955.6 | 8,119.8 | (3,164.2) | (39.0%) |
Grain | 1,599.6 | 5,350.8 | (3,751.2) | (70.1%) |
Mineral fertilizers | 541.5 | 735.2 | (193.7) | (26.4%) |
Sugar | 635.5 | 555.9 | 79.6 | 14.3% |
Iron ore and ore concentrate | 1,393.2 | 1,235.1 | 158.1 | 12.8% |
Scrap Metal | 5.4 | 26.9 | (21.5) | (79.9%) |
Cement | 168.6 | 190.1 | (21.5) | (11.3%) |
Coal | 611.8 | 25.8 | 586.0 | 2273.2% |
General cargo, total | 7,165.7 | 7,302.5 | (136.8) | (1.9%) |
Ferrous metals | 5,825.6 | 5,855.3 | (29.7) | (0.5%) |
Timber | 311.7 | 476.6 | (164.9) | (34.6%) |
Timber (ths cubic metres) | 566.3 | 862.9 | (296.6) | (34.4%) |
Non-ferrous metals | 696.6 | 741.7 | (45.1) | (6.1%) |
Perishable cargo | 187.1 | 145.7 | 41.4 | 28.4% |
Other | 144.7 | 83.3 | 61.4 | 73.8% |
Containers | 3,240.5 | 3,421.8 | (181.3) | (5.3%) |
Containers (ths TEU) | 415.4 | 418.8 | (3.4) | (0.8%) |
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). 50.1% shares of PJSC "NCSP" belong to Novoport Holding Ltd, the beneficial owners of which are OJSC "Transneft" and Summa Group. 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; KSenko@ncsp.com
Mikhail Shchur, Investor Relations; MShchur@ncsp.com