Last checked at 14 May 2010 14:03
Press-release
NCSP Group Operating Results for January-April 2010
14.05.2010
The Novorossiysk Commercial Sea Port Group (LSE: NCSP, RTS and MICEX: NMTP) hereby reports its consolidated operating results for January-April 2010. In the reporting period NCSP Group's cargo turnover amounted to 28 339.6 thousand tons, which exceeds the cargo turnover of January-April 2009 by 0.3% (88.4 thousand tons).
In the reporting period the total amount of cargoes that demonstrated a positive growth rate recorded an aggregate growth of 1 620.8 thousand tons versus same period last year. Growth in container cargo, raw sugar, dry mineral fertilizers, and timber contributed 50.1% of this increase.
On the other hand, the aggregate decrease of the cargoes that demonstrated negative dynamics totaled 1 532.4 thousand tons. Approximately 50.0% of this decrease is conditioned by the drop of iron ore exports due to growing domestic consumption.
Volumes of Liquid cargo in January-April 2010 totaled 18 990.5 thousand tons which is relatively flat compared to the volumes loaded in the same period last year. Liquid fertilizer (UAN) volumes continued to grow by 38.1 thousand tons (+33.9%) in the reporting period versus same period last year, and reached a total of 150.3 thousand tons.
Bulk cargo volumes in January-April 2010 reduced by 518.1 thousand tons (-10.4%) versus same period last year, which is conditioned by the decrease of iron ore exports (by 765.7 thousand tons). On the other hand, raw sugar volumes grew by 178.4 thousand tons (+57.5%) and dry mineral fertilizers increased by 149.6 thousand tons (+29.8%).
General cargo traffic in January-April 2010 increased by 231.4 thousand tons (+6.4%) versus same period of 2009. Timber cargo volumes increased by 189.8 thousand cubic meters (+44.1%), ferrous metals handling grew by 81.6 thousand tons (+2.8%), and perishable cargo is up by 54.2 thousand tons (+106.7%).
Container traffic in the reporting period increased by 56.4% of 44.2 thousand TEU over the same period last year.
NCSP Group Operating Results for January-April 2010
|
| January-April 2010 | January-April 2009 | Change | |
|
| thousand tons | thousand tons | thousand tons | % |
| Cargo turnover, total | 28 339.6 | 28 251.2 | 88.4 | 0.3% |
| Liquid cargo, total | 18 990.5 | 18 993.4 | -2.9 | 0.0% |
| Crude oil | 13 917.5 | 14 582.7 | -665.3 | -4.6% |
| Petroleum products | 4 856.7 | 4 224.2 | 632.5 | 15.0% |
| UAN | 150.3 | 112.3 | 38.1 | 33.9% |
| Seed oils | 66.0 | 74.3 | -8.3 | -11.1% |
| Bulk Cargo, total | 4 456.0 | 4 974.1 | -518.1 | -10.4% |
| Grain | 3 040.2 | 3 081.5 | -41.3 | -1.3% |
| Mineral fertilizers | 651.9 | 502.3 | 149.6 | 29.8% |
| Sugar | 488.8 | 310.4 | 178.4 | 57.5% |
| Iron ore and ore concentrate | 275.1 | 1 040.8 | -765.7 | -73.6% |
| Cement | 0.0 | 39.2 | -39.2 | -100.0% |
| General cargo, total | 3 825.2 | 3 593.8 | 231.4 | 6.4% |
| Ferrous metals | 2 965.7 | 2 884.0 | 81.8 | 2.8% |
| Timber | 350.7 | 244.1 | 106.6 |
|
| Timber, thousand cubic meters | 620.3 | 430.5 | 189.8 | 44.1% |
| Non-ferrous metals | 343.7 | 356.5 | -12.8 | -3.6% |
| Perishable cargo | 105.1 | 50.8 | 54.2 | 106.7% |
| Other | 60.0 | 58.4 | 1.6 | 2.7% |
| Containers | 1 067.9 | 690.0 | 378.0 |
|
| Containers (thousand TEU) | 122.5 | 78.3 | 44.2 | 56.4% |
About NCSP Group
Novorossiysk Commercial Sea Port is the largest Russian port operator in terms of cargo turnover. Group's consolidated cargo turnover in 2009 totaled 86.5 million tons. Consolidated revenue to IFRS in 2009 totaled $675.1 million and net profit $252.2 million.
NCSP shares are traded on Russia's RTS and MICEX exchanges (NMTP) and on the London Stock Exchange (NCSP) in the form of GDRs (1 GDR representing 75 shares).
NCSP Group includes the following stevedore companies: PJSC NCSP, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC NCSP Fleet, OJSC Novoroslesexport, OJSC IPP, and Baltic Stevedoring Company Ltd.
For more information please contact:
Tel.: +7 (495) 783-5434; IR@nmtp.info