Novorossiysk Commercial Sea Port Group has published its IFRS results for 2018.
Earnings were up 5.7% year-on-year to $951.3 mn, EBITDA grew by 2.4% to $669.4 mn.
Net profit dropped by 43.2% down to $268.1, mainly due to currency differences.
The Group’s debt decreased by $179.4 mn, and the net debt was down by $230.7 mn, or by 21.5%.
Net debt to EBITDA ration improved and made 1.26 vs 1.64 as of the beginning of the year.