02.06.2021 Consolidated Financial and Operating Results of NCSP Group for 3 months of 2021
NCSP Group (LSE: NCSP; MOEX: NMTP) publishes Consolidated Financial Results for 3 months of 2021, prepared in accordance with International Financial Reporting Standards (IFRS).
Key Consolidated Financial Indicators of NCSP Group for 3 months of 2021
Consolidated cargo turnover of NCSP Group for Q1 2021 amounted to 27.5 million tons, which is 6.6 million tons less than in Q1 2020. The main impact on cargo turnover, as well as revenue and EBITDA, was a decrease in the transshipment of liquid cargo, including crude oil, by 5.5 million tons due to macroeconomic restrictions developed since April–May 2020 due to the pandemic and the OPEC+ agreement.
The net profit for Q1 2020 was greatly influenced by the revaluation of debt foreign currency obligations. Its impact on net profit in Q1 2021 was less significant.
NCSP Group's consolidated financial statements as per IFRS for Q1 2021 are published at:
NCSP Group is the largest port operator in Russia by cargo turnover. PJSC Transneft is PJSC NCSP's controlling shareholder (62%).
PJSC NCSP shares are listed on the Moscow Stock Exchange (ticker NMTP), and also on the London Stock Exchange in the form of global depositary receipts (ticker NCSP). NCSP Group unites the companies PJSC NCSP, Primorsk Trade Port LLC, JSC Novorossiysk Ship Repair Yard, JSC Fleet NCSP, SC NCSP Fleet, IPP LLC, Baltic Stevedore Company LLC and SFP LLC. PJSC NCSP and PJSC Transneft own NCS LLC on a parity basis.