Last checked at 14 Sep 2011 08:05
Press-release
14.09.2011
NCSP Group Operating Results for January - August 2011
NCSP Group posted record grain handling volumes in the month of August
Novorossiysk Commercial Sea Port Group (LSE: NCSP, MICEX: NMTP) reports consolidated operating results for January-August 2011.
To ensure comparability with previous periods the statistics have been adjusted for the volumes handled by Primorsk Trade Port Ltd., which was acquired by NCSP Group in January 2011.
In the first eight months of 2011 liquid cargo volumes recorded an increase of 975.8 thousand tons or 1.1% versus the same period of last year.
Volumes of oil products transshipment across the Group increased by 36.3% or 3 156.4 thousand tons. This growth is attributable to diesel transshipment in Primorsk and to the increase of fuel oil handling at the Sheskharis Oil Terminal.
NCSP Group continues to increase grain handling volumes. In August the Group handled 989.1 thousand tons which represents an all-time record month. In January-August, 2011 the Group handled 1 874.8 thousand tons in total.
Growth was also recorded in other bulk cargoes: iron ore and ore concentrate (+ 1 414.3 thousand tons or 144.7%), mineral fertilizers (+ 164.9 thousand tons or 11.8%) and sugar (+ 119.2 thousand tons or 9.1%).
General cargo turnover in the first eight months of 2011 totaled 6 315.0 thousand tons, representing a -16.4% or 1 239.4 thousand tons reduction versus the same period of last year. Volumes of timber (-409.5 thousand tons or -52.0%) and ferrous metals (-838.2 thousand tons or -14.7%) decreased due to the reduction in purchasing activity of main consumers caused by political instability in the Middle East and Northern Africa and general market volatility.
In the first eight months of 2011 container traffic in TEU terms increased by 42.6% versus the same period of last year and totaled 405.3 thousand TEU.
NCSP Group's total cargo turnover in the reporting period amounted to 103 556.8 thousand tons which represents a decrease of 1 445.6 thousand tons or -1.4% versus January-August 2010.
NCSP Group Cargo Turnover in January - August 2011 (thousand tons)*
January-August | Change | Change, % | ||
2011 | 2010 | |||
Cargo turnover, total | 103 566.8 | 105 012.4 | -1 445.6 | -1.4% |
Liquid cargo. total | 86 617.9 | 85 642.1 | 975.8 | 1.1% |
Crude oil | 74 469.3 | 76 520.6 | -2 051.3 | -2.7% |
Oil products | 11 842.4 | 8 686.0 | 3 156.4 | 36.3% |
UAN | 298.1 | 321.7 | -23.6 | -7.3% |
Seed oils | 8.1 | 113.8 | -105.7 | -92.9% |
Bulk Cargo, total | 7 320.2 | 9 425.7 | -2 105.5 | -22.3% |
Grain | 1 874.8 | 5 736.8 | -3 862.0 | -67.3% |
Mineral fertilizers | 1 564.8 | 1 399.9 | 164.9 | 11.8% |
Sugar | 1 430.9 | 1 311.7 | 119.2 | 9.1% |
Iron ore and ore concentrate | 2 391.6 | 977.3 | 1 414.3 | 144.7% |
Cement | 58.1 | 0.0 | 58.1 | 0.0% |
General cargo, total | 6 315.0 | 7 554.4 | -1 239.4 | -16.4% |
Ferrous metals | 4 850.6 | 5 688.8 | -838.2 | -14.7% |
Timber | 378.1 | 787.6 | -409.5 | -52.0% |
Timber. thsd. cubic meters | 687.4 | 1 397.0 | -709.6 | -50.8% |
Non-ferrous metals | 741.3 | 716.5 | 24.8 | 3.5% |
Perishable cargo | 155.4 | 165.1 | -9.7 | -5.9% |
Other | 189.6 | 196.3 | -6.7 | -3.4% |
Containers | 3 313.7 | 2 390.3 | 923.4 | 38.6% |
Containers | 3 313.7 | 2 390.3 | 923.4 | 38.6% |
Containers, thsd. TEU | 405.3 | 284.3 | 121.0 | 42.6% |
\* Taking into account PTP's 2010 volumes
About NCSP Group
Novorossiysk Commercial Sea Port 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). NCSP Group consolidated cargo turnover in the 1st quarter 2011 totaled 37.2 million tons, and consolidated revenue to IFRS for the 1st quarter 2011 totaled $233.1 million and net profit of $143.7 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, PJSC Primorsk Trade Port (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC Fleet of NCSP, OJSC NLE, OJSC IPP, and Baltic Stevedoring Company Ltd.
For more information please contact:
andrei.bubnov@nmtp.info; senko@ncsp-net.com