11 Jun 2010 09:30
Press-release
NCSP Group Operating Results for January-May 2010
11.06.2010
The Novorossiysk Commercial Sea Port Group (LSE: NCSP, RTS and MICEX: NMTP) hereby reports its consolidated operating results for January-May 2010. In the reporting period NCSP Group's cargo turnover amounted to 35 839.5 thousand tons, which is by 0.6% (201.8 thousand tons) less than the volume of January-May 2009. At the same time cargo traffic in May versus April 2010 has increased by 9.7% (662.0 thousand tons) totaling 7 499.9 thousand tons.
In the reporting period the total amount of cargoes that demonstrated a positive growth rate recorded an aggregate growth of 1 767.9 thousand tons versus January-May 2009. Growth in container cargo, raw sugar, dry mineral fertilizers, and timber contributed 64.3% of this increase.
On the other hand, the aggregate decrease of the cargoes that demonstrated negative dynamics comprised 1 969.7 thousand tons, of which 45.6% was contributed by the slump of iron ore exports due to continuously growing domestic consumption.
Volumes of Liquid cargo in January-May 2010 totaled 23 872.1 thousand tons which represents a 1.4% decrease from the volumes loaded in the same period last year. Meanwhile liquid fertilizer (UAN) volumes continued to grow by 171.9 thousand tons (+20.6%).
Bulk cargo volumes in January-May 2010 reduced by 521.7 thousand tons (-8.3%) versus same period last year, which is conditioned by the decrease of iron ore exports. Loading of grain by direct rail-to-ship technology decreased in the reporting period, making additional capacity available for loading of raw sugar and dry mineral fertilizers, which increased by 239.7 thousand tons (+46.0%) and 238.2 thousand tons (+39.1%) respectively.
General cargo traffic in the reporting period versus January-May last year increased by 127.2 thousand tons (+2.7%). Timber cargo volumes increased by 134.9 thousand tons or by 238.4 thousand cubic meters (+38.9%) and perishable cargo is up by 83.6 thousand tons (+131.2%).
Container traffic in the reporting period increased by 65.4% or by 64.2 thousand TEU versus the same period last year, and reached a total of 162.3 thousand TEU.
NCSP Group Operating Results for January-May 2010
|
| January-May 2010 | January-May 2009 | Change | |
|
| thousand tons | thousand tons | thousand tons | % |
| Cargo turnover, total | 35 839.5 | 36 041.3 | -201.8 | -0.6% |
| Liquid cargo, total | 23 872.1 | 24 203.6 | -331.6 | -1.4% |
| Crude oil | 17 718.8 | 18 535.6 | -816.8 | -4.4% |
| Petroleum products | 5 867.6 | 5 391.9 | 475.7 | 8.8% |
| UAN | 207.3 | 171.9 | 35.4 | 20.6% |
| Seed oils | 78.3 | 104.2 | -25.9 | -24.8% |
| Bulk Cargo, total | 5 794.2 | 6 315.9 | -521.7 | -8.3% |
| Grain | 3 801.6 | 3 847.9 | -46.3 | -1.2% |
| Mineral fertilizers | 847.8 | 609.6 | 238.2 | 39.1% |
| Sugar | 760.8 | 521.1 | 239.7 | 46.0% |
| Iron ore and ore concentrate | 383.9 | 1 282.3 | -898.4 | -70.1% |
| Cement | 0.0 | 55.0 | -55.0 | -100.0% |
| General cargo, total | 4 762.6 | 4 635.4 | 127.2 | 2.7% |
| Ferrous metals | 3 608.8 | 3 726.5 | -117.7 | -3.2% |
| Timber | 481.8 | 346.9 | 134.9 |
|
| Timber, thousand cubic meters | 851.7 | 613.3 | 238.4 | 38.9% |
| Non-ferrous metals | 451.5 | 415.6 | 36.0 | 8.7% |
| Perishable cargo | 147.4 | 63.8 | 83.6 | 131.2% |
| Other | 73.1 | 82.7 | -9.7 | -11.7% |
| Containers | 1 410.7 | 886.3 | 524.3 |
|
| Containers (thousand TEU) | 162.3 | 98.2 | 64.2 | 65.4% |
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
Pjsc Novor. S (NCSP)