REG - PJSC Novorossiysk - NCSP Volumes Up 6% for 6M 2016 to 74.4 mln tons <Origin Href="QuoteRef">NMTP.MM</Origin>

Novorossiyskiy morskoy torgovyi port PAOAnnouncement

12/07/2016 15:50

RNS Number : 9839D
PJSC Novorossiysk Comm. Sea Port
12 July 2016
Press-release
NCSP Group's Volumes Grow 6% year-on-year for 6M 2016 Reaching 74.4 mln tons
12.07.2016
NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports that its consolidated cargo turnover for the first six months of 2016 increased 6.0% year-on-year and reached 74.4 million tons.
Liquid cargo volumes increased 5.3% year-on-year to 58.3 million tons, bulk cargo rose 5.9% year-on-year to 5.6 million tons, general cargo increased 11.2% year-on-year to 7.8 million tons, container traffic was up 7.5% year-on-year and amounted to 2.7 million tons or 252 thousand TEU.
Commenting on the operating results for H1 2016 CEO of PJSC NCSP Sultan Batov said: NCSP Group's volumes have demonstrated sustainable growth throughout the first half of the year 2016. Actual transshipment exceeded our conservative plans by 14.5%. On year-on-year basis we were down 6% in January, showed 2.3% increase in February, and completed the first half of the year with 6% growth. Growth was recorded in segments like crude oil, coal, ferrous metals, and containers. Iron ore showed the biggest relative growth of 60.4% year-on-year.
Liquid cargo
Liquid cargo volumes increased by 2925 thousand tons or 5.3% year-on-year and totaled 58261 thousand tons for H1 2016. Crude oil volumes were up by 2849 thousand tons or 7.5% year-on-year and totaled 41035 thousand tons. Oil products, UAN, and vegetable oils volumes totaled 16787 thousand tons, 304 thousand tons, and 134 thousand tons respectively.
Bulk cargo
Bulk cargo increased by 312 thousand tons or 5.9% year-on-year totaling 5575 thousand tons for H1 2016.
Grain volumes totaled 2422 thousand tons. Low transshipment of grain in May and June 2016 is due to shortage of grain in the market while supplies of the season 2015-2016 have ceased and the grain of new harvest is yet to come.
Chemical cargo and sugar volumes totaled 522 thousand tons and 391 thousand tons respectively.
Iron ore volumes increased by 541 thousand tons or 60.4% year-on-year reaching 1436 thousand tons.
Transshipment of coal was growing at an accelerating pace and reached 804 thousand tons for six month of 2016. Growth rate sped up to 12.3% year-on-year versus 8.4% for January-May 2016.
General cargo
General cargo volumes increased by 787 thousand tons or 11.2% year-on-year and totaled 7824 thousand tons for H1 2016.
Transshipment of ferrous metals and pig iron is growing at a fastening rate reaching 6849 thousand tons for H1 2016. Growth rate accelerated to 16.3% year-on-year versus that of 11.5% for five months of 2016.
Timber, non-ferrous metals, perishable cargo, and other cargo comprised 249 thousand tons, 556 thousand tons, and 139 thousand tons respectively.
Container cargo
NCSP Group's container traffic in H1 2016 totaled 2741 thousand tons or 252 thousand TEU, increasing 7.5% and 4.6% year-on-year respectively.


NCSP Group Cargo Turnover for January-June 2016 in thousand tonnes

January - June
Change
Change %
2016
2015
Cargo turnover, total
74 400
70 185
4 215
6,0%
Liquid cargo, total
58 261
55 335
2 925
5,3%
Crude oil
41 035
38 187
2 849
7,5%
Oil products
16 787
16 702
85
0,5%
UAN
304
299
5
1,7%
Seed oils
134
148
-13
-8,9%
Bulk cargo, total
5 575
5 263
312
5,9%
Grain
2 422
2 541
-120
-4,7%
Chemical cargo*
522
527
-5
-0,9%
Sugar
391
584
-192
-33,0%
Iron ore and ore concentrate
1 436
895
541
60,4%
Coal
804
716
88
12,3%
General cargo, total
7 824
7 037
787
11,2%
Ferrous metals 
6 849
5 887
962
16,3%
Timber
249
320
-72
-22,3%
 Timber (ths cubic meters)
450
582
-132
-22,7%
Non-ferrous metals
556
605
-49
-8,0%
Perishable cargo
31
119
-88
-73,8%
Other
139
106
33
30,8%
Containers
2 741
2 550
191
7,5%
 Containers (ths TEU)
252
240
11
4,6%
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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