Last checked at 16 Oct 2013 07:16
PRESS RELEASE
NCSP Group turnover in 9M 2013 amounted to 106.5 mln tonnes
16.10.2013
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-September 2013 amounted to 106.5 million tonnes, compared to 121.3 million tonnes in the first nine months of 2012.
Liquid cargo
Handling of liquid cargo for the nine months of the current year totalled 88,972 ths tonnes, compared to 99,980 ths tonnes in the same period of 2012.
Crude oil handling for the three quarters of 2013 comprised 69,430 ths tonnes, oil products handling amounted to 18,987 ths tonnes, UAN handling equalled 435 ths tonnes, and seed oils handling amounted to 120 ths tonnes.
Oil products volumes have demonstrated sustainable growth of 36.3% year-on-year throughout the reporting period and reached 18,987 ths tonnes in 9M 2013 versus 13,931 ths tonnes in the same period of 2012. Novorossiysk Fuel Oil Terminal and Primorsk Trade Port showed year-on-year increases of 2,351 ths tonnes and 2,247 ths tonnes, respectively.
Bulk cargo
From January to September 2013 NCSP Group handled 5,879 ths tonnes of bulk cargo compared to 9,381 ths tonnes during 9M 2012.
At the end of 9M 2013 grain handling amounted to 2,293 ths tonnes, of which 1,815 ths tonnes were loaded in Q3 2013, almost four times more that during the whole first half of the year.
Iron ore handling for the three quarters of 2013 totalled 1,493 ths tonnes with year-on-year increase of 10.6%, which is a material achievement compared to industry's average growth of 3% according to ASOP.
Sugar handling in 9M 2013 increased by 18.8% year-on-year totalling 660 ths tonnes.
General cargo
General cargo volumes in the reporting period amounted to 8,086 ths tonnes relatively on a par with last year. Ferrous metals volumes were also flat year-on-year at 6,571 ths tonnes versus 16.5% decrease at Russian ports total, according to ASOP. Timber handling decreased by 37% year-on-year.
Containers
NCSP Group's container throughput in January-September 2013 comprised 458.6 ths TEU versus 465.3 ths TEU for the same period of 2012.
NCSP Group Cargo Turnover in January-September 2013 ('000 tonnes)
Type of cargo | 9M 2013 | 9M 2012 | Change | Change, % |
Cargo turnover, total | 106 528.1 | 121 347.7 | -14 819.6 | -12.2% |
Liquid cargo, total | 88 971.5 | 99 980.0 | -11 008.5 | -11.0% |
Crude oil | 69 429.6 | 85 378.8 | -15 949.2 | -18.7% |
Oil products | 18 987.1 | 13 931.3 | 5 055.8 | 36.3% |
UAN | 434.6 | 302.9 | 131.7 | 43.5% |
Seed oils | 120.2 | 367.0 | -246.8 | -67.2% |
Bulk cargo, total | 5 879.4 | 9 381.3 | -3 501.9 | -37.3% |
Grain | 2 293.0 | 6 401.8 | -4 108.8 | -64.2% |
Mineral fertilizers | 594.9 | 766.0 | -171.1 | -22.3% |
Sugar | 660.4 | 555.9 | 104.5 | 18.8% |
Iron ore and ore concentrate | 1 492.5 | 1 349.0 | 143.5 | 10.6% |
Scrap Metal | 5.4 | 29.3 | -23.9 | -81.6% |
Cement | 173.7 | 216.3 | -42.6 | -19.7% |
Coal | 659.5 | 63.0 | 596.5 | 946.8% |
General cargo, total | 8 085.7 | 8 171.1 | -85.4 | -1.0% |
Ferrous metals | 6 570.8 | 6 543.7 | 27.1 | 0.4% |
Timber | 344.0 | 545.0 | -201.0 | -36.9% |
Timber (ths cubic metres) | 625.1 | 987.4 | -362.3 | -36.7% |
Non-ferrous metals | 819.3 | 830.4 | -11.1 | -1.3% |
Perishable cargo | 199.6 | 153.8 | 45.8 | 29.8% |
Other | 152.0 | 98.2 | 53.8 | 54.8% |
Containers | 3 591.5 | 3 815.3 | -223.8 | -5.9% |
Containers (ths TEU) | 458.6 | 465.3 | -6.7 | -1.4% |
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