Novorossiysk Commercial Sea Port has published its IFRS financial results for January-September 2019.
Revenue was down 6.6% year-on-year to $665.5 mn. EBITDA declined by 2.4% to $500.8 mn.
Net profit was up 3.8-fold to $810.5 mn. $446.1 mn in this sum is earnings on the sale of a subsidiary.
This spring, NCSP sold their grain terminal in Novorossiysk to VTB Bank for $547.8 mn.
The group’s debt was down 9.5% to $920 mn. net debt decreased by 35.1% to $548 mn.