NCSP posts RUB 1.75 bln of net loss in Jan-Oct’13


In January-October 2013, net loss of Novorossiysk Commercial Sea Port OJSC calculated under Russian Accounting Standards (RAS) made RUB 1.75 bln against RUB 4.16 bln of profit in January-October 2012.

According to company materials, the revenue dropped by 5.8% to RUB 7.66 bln.

Novorossiysk Commercial Sea Port (NCSP Group) is Russia’s largest port operator in terms of cargo turnover. 50.1% shares of NCSP belong to Novoport Holding Ltd, the beneficial owners of which are OJSC Transneft and Summa Group. The Group comprises the following stevedoring companies: Novorossiysk Commercial Sea Port OJSC, Primorsk Commercial Port, Novorossiysk Grain Terminal OJSC, Novorossiysk Ship Repair Yard OJSC, NCSP Fleet OJSC, Novoroslesexport OJSC, IPP OJSC, Baltic Stevedore Company LLC and SFP CJSC.

Adapted from Portnews

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