Novorossiysk Commercial Sea Port Group announced its consolidated financial results for the nine months of 2017, under International Financial Reporting Standards (IFRS).
NCSP Group’s consolidated revenue in January-September 2017 increased by 1.9% compared to that of the same period 2016 and reached $661.6 million.
Group’s EBITDA and net profit in the reporting period totaled $482.5 million and $359.4 million, which is 6,7% and 26.4% less than that of nine months 2016 respectively.
The amount of cash and equivalents decreased 35.9% year-on-year to $150.2 million.
NCSP’s net debt dropped 1.3% compared to 9 month 2016 and amounted to $1.146 billion.