REG - PJSC Novorossiysk - NCSP Volumes Up 4% in Q1 2016 Reaching 37 mln ton <Origin Href="QuoteRef">NMTP.MM</Origin>

Novorossiyskiy morskoy torgovyi port PAOAnnouncement

19/04/2016 16:00

RNS Number : 6912V
PJSC Novorossiysk Comm. Sea Port
19 April 2016
Press-release
NCSP Volumes Up 4% in Q12016 Reaching 37 mln tonnes
19.04.2016
NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports, that its consolidated cargo turnover in January-March 2016 grew 3.9% year on year and reached 37 million tonnes.
Liquid cargo volumes totaled 28.8 million tonnes, bulk cargo comprised 3.3 million tonnes, general cargo amounted to 3.6 million tonnes, and container cargo totaled 1.3 million tonnes or 127 thousand TEU.
Commenting on the operating result for the first quarter of 2016, CEO of PJSC NCSP Sultan Batov said: First quarter results proved better than our expectations. Actualvolumesexceededourplansby12% total. Crude oil volumes were 16% above plan; oil products exceeded plans by 4.3%; grain performed 36% above plan; iron ore volumes exceeded expectations by 51%; and ferrous metals performed 17% above plan.
LiquidCargo
In Q1 2016 NCSP Group loaded 28830 thousand tonnes of liquid cargo. Crude oil volumes were up 1.4% year on year growing by 263.8 thousand tonnes up to 19773 thousand tonnes. Transshipment of oil products was up by 1.9% year on year or by 166 thousand tonnes, and reached 8835 thousand tonnes. Volumes of UAN and seed oils totaled 137 thousand tonnes and 86 thousand tonnes respectively.
BulkCargo
Transshipment of bulk in Q1 2016 increased by 698 thousand tonnes or 27% year on year and reached 3281 thousand tonnes. Grain volumes increased by 336 thousand tonnes or 24.7% year on year up to 1700 thousand tonnes. Volumes of iron ore doubled year on year and reached 698 thousand tonnes. Transshipment of coal increased 7.3% year on year to 380 thousand tonnes. Chemical cargo growth was modest, sugar volumes declined due to low demand for imported raw sugar.
GeneralCargo
General cargo volumes in Q1 2016 totaled 3 572 thousand tonnes. Transshipment of ferrous metals and pig iron increased by 186 thousand tonnes or 6.3% year on year and reached 3128 thousand tonnes. Volumes of non-ferrous metals, timber cargo, perishable cargo, and other cargo comprised 277 thousand tonnes, 107 thousand tonnes, and 60 thousand tonnes respectively.
ContainerCargo
NCSP Group's container traffic in Q1 2016 comprised 1 336 thousand tonnes and 127.2 thousand TEU, which exceeds that of Q12015 by 13.3% and 7.7% respectively.


NCSP Group Cargo Turnover for January-March 2016 (thousand tones)

January-March
Change
Change %
2016
2015
Cargo turnover, total
37 018.9
35 625.7
1 393.2
3.9%
Liquid cargo, total
28 829.8
28 353.6
476.3
1.7%
Crude oil
19 772.5
19 508.7
263.8
1.4%
Oil products
8 834.6
8 669.0
165.6
1.9%
UAN
137.0
99.0
38.0
38.4%
Seed oils
85.7
76.8
8.9
11.6%
Bulk cargo, total
3 281.2
2 583.1
698.1
27.0%
Grain
1 699.5
1 363.3
336.2
24.7%
Chemical cargo*
296.8
291.9
4.9
1.7%
Sugar
206.9
252.1
-45.2
-17.9%
Iron ore and ore concentrate
697.7
321.4
376.3
117.1%
Coal
380.3
354.4
25.9
7.3%
General cargo, total
3 572.1
3 510.5
61.6
1.8%
Ferrous metals 
3 127.8
2 941.5
186.3
6.3%
Timber
107.2
150.5
-43.4
-28.8%
 Timber (ths cubic meters)
194.8
273.6
-78.8
-28.8%
Non-ferrous metals
277.0
300.7
-23.7
-7.9%
Perishable cargo
17.5
47.0
-29.5
-62.7%
Other
42.6
70.8
-28.2
-39.8%
Containers
1 335.7
1 178.5
157.2
13.3%
 Containers (ths TEU)
127.2
118.1
9.1
7.7%
About NCSP Group
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 $ 877 million, and EBITDA $657* million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.
Contacts
Kristina Senko, Public Relations: KSenko@ncsp.com
Mikhail Shchur, Investor Relations: MShchur@ncsp.com

This information is provided by RNS
The company news service from the London Stock Exchange
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