Novorossiysk IFRS Profit Down 30%

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Novorossiysk Commercial Sea Port Group has posted consolidated financial results for 2017 in accordance with the IFRS standards.

The Group’s earnings were up 4% to $899.8 mn, while EBITDA declined 3.2% to $653.7 mn.

Profit for the year dropped 30.6% down to $439 mn.