Earnings Release • Apr 3, 2017
Earnings Release
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Dissemination of a RegulatoryAnnouncement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement.
NCSP Group (LSE: NCSP, MoEx: NMTP) hereby announces consolidated financial results for the year ended 31 December 2016.
NCSP Group's revenue for 12M 2016 totaled \$865.6 million.
Group's EBITDA increased by \$18.5 million* or 2.8%* y-o-y and totaled \$675.5 million*.
Net profit for 2016 totaled \$638.2 million versus net loss of \$83.4 million in 2015.
Cash and cash equivalents doubled since the last year and reached \$234.1 million.
The Group's debt including financial lease reduced by \$115.7 million, while net debt reduced by \$241.1 million or 17.2% y-o-y.
Net debt/EBITDA ratio improved to 1.72* versus 2.14* at the end of 2015.
| (in thousand USD)2016 | 2015 | Change Change % | ||
|---|---|---|---|---|
| Revenue | 865 591 | 877 191 | -11 600 -1.3% | |
| EBITDA* | 675 481 | 657 018 | 18 463 2.8% | |
| Profit for the period | 632 834 | -83 427 | 716 261 | |
| (in thousand USD)31.12.201631.12.2015Change Change % | ||||
| Debt (including financial lease)1 395 835 1 511 516 -115 681-7.7% | ||||
| Cash and cash equivalents | 234 138 | 108 671 | 125 467 115.5% | |
| Net debt* | 1 161 697 1 402 845 -241 148-17.2% | |||
| Net debt / LTM EBITDA* | 1.72 | 2.14 |
NCSP Group's consolidated financial statements for 2016 are available at: http://nmtp.info/en/holding/investors/reporting/msfo/
Conference call and webcast for investors & analysts with NCSP Group's management will be held on Tuesday,April 4, 2017 at 18:30 Moscow time.
Call title: NCSP Group 2016 Full Year Financial Results
Russian call ID: 99339654
English call ID: 25800915
Dial-in numbers:
Russia: +7 495 221 6523; 8 10 8002 041 40 11
UK and Europe: +44 203 043 24 40; 0 808 238 17 74
USA: +1 877 887 41 63
English webcast registration link
http://www.audio-webcast.com/cgi-bin/visitors.ssp?fn=visitor&id=4475
NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2015. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2015 totalled 139.7 million tonnes. Consolidated revenue to IFRS in 2015 totalled USD
877 million, and EBITDA was USD 657 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.
Kristina Senko, Public Relations: [email protected]
Mikhail Shchur, Investor Relations: [email protected]
The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases. Archive at www.dgap.de/ukreg
| Language: Company: |
English PJSC 'Novorossiysk Commercial Sea Port' 2 Mira St. 353907 Novorossiysk |
|---|---|
| Russia | |
| Phone: | +7 (8617) 60-46-30 |
| Fax: | +7 (8617) 60-22-03 |
| E-mail: | [email protected] |
| Internet: | www.nmtp.info |
| ISIN: | US67011U2087 |
| Category Code:FR | |
| TIDM: | NCSP |
| Sequence No.: 4024 |
End ofAnnouncementEquityStory.RS, LLC News Service
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