PJSC 'Novorossiysk Commercial Sea Port': NCSP Group's .

DGAP-News: PJSC Novorossiysk Commercial Sea Port


PJSC Novorossiysk Commercial Sea Port / Keyword(s): Miscellaneous

PJSC 'Novorossiysk Commercial Sea Port': NCSP Group's total cargo turnover
increased by 6.9% in January 2012

13.02.2012 12:05
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NCSP Group's total cargo turnover increased by 6.9% in January 2012

NCSP Group (LSE: NCSP, MICEX: NMTP) reports consolidated opeRating results
for January 2012.

NCSP Group's total cargo turnover in the reporting period amounted to 13.8
million tons which represents an increase of 0.9 million tons or 6.9%
versus January 2011.

In January 2012 liquid cargo volumes increased by 0.6 million tons or 5.5%
versus the same period of last year.

Crude oil transshipment by NCSP Group in January 2012 totaled 9.9 million
tons, which represents an increase of 5.2% compared to January 2011
volumes.
This growth is attributed to the increase in volumes of Primorsk
Trade Port Ltd by 0.9 million tons or by 16.4%.

Volumes of oil products transshipment across the Group increased by 6.4% or
by 0.1 million tons. The total volume of oil products handled during the
reporting period amounted to 1.7 million tons, of which 0.6 million tons
attributed to diesel transshipment by Primorsk Trade Port Ltd.

In January 2011 the Group handled 0.57 million tons of grain.

Growth in general cargo turnover in January 2012 totaled 0.15 million tons
or 22%. The growth was attributed to an increase of turnover in ferrous
metals by 0.2 million tons (40%) and perishable goods by 29% (1.7 thousand
tons) which offset the decline in timber handling (-27.4 thousand tons),
non-ferrous metals (-22 thousand tons) and other cargoes (-6 thousand
tones).

In January 2012 Group's container traffic in TEU terms decreased by 13.7%
versus January 2011 and totaled 41.7 thousand TEU.

Deputy CEO for marketing and sales of PJSC NCSP Rado Antolovic commented:

'January results were significantly influenced by weather conditions in
Novorossiysk. There were eight storm warnings with total duration of more
than 12 days during the month. The last time that similar weather
conditions were observed was in December 1997.

However, despite the unfavorable weather conditions, NCSP Group management
team was able to achieve growth in cargo turnover of 6.9% versus the same
period of last year'.

For your convenience, information on NCSP Group's monthly cargo turnover
for 2010-2012 is available in excel format in the file attached below.

NCSP Group Cargo Turnover in January 2012 (thousand tons)



January Change, thsd. Change, %
tons
2012 2011
Cargo turnover, total 13 758,2 12 864,8 893,4 6,9%
Liquid cargo, total 11 628,3 11 017,5 610,8 5,5%
Crude oil 9 883,6 9 394,3 489,3 5,2%
Oil products 1 683,4 1 581,9 101,5 6,4%
UAN 33,0 41,3 -8,3 -20,1%
Seed oils 28,3 0,0 28,3 0,0%
Bulk Cargo, total 932,2 746,9 185,4 24,8%
Grain 570,3 17,6 552,6 3138,2%
Mineral fertilizers 135,7 205,3 -69,6 -33,9%
Sugar 22,8 120,6 -97,8 -81,1%
Iron ore and ore 187,0 403,4 -216,4 -53,6%
concentrate
Scrap Metal 3,1 0,0 3,1 0,0%
Cement 13,3 0,0 13,3 0,0%
General cargo, total 849,3 696,8 152,5 21,9%
Ferrous metals 722,8 516,6 206,2 39,9%
Timber 26,8 54,2 -27,4 -50,5%
Timber. thsd. cubic 48,7 98,5 -49,8 -50,5%
meters
Non-ferrous metals 82,4 104,3 -21,8 -20,9%
Perishable cargo 7,4 5,7 1,7 28,8%
Other 9,9 16,0 -6,1 -38,3%
Containers 348,4 403,6 -55,3 -13,7%
Containers 348,4 403,6 -55,3 -13,7%
Containers, thsd. TEU 41,7 48,8 -7,1 -14,6%





About NCSP Group
Novorossiysk Commercial Sea Port is the largest Russian port operator and
the 3rd operator in Europe in terms of cargo turnover. NCSP shares are
traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange
in the form of GDRs (NCSP).
50.1% shares of PJSC 'NCSP' belongs to Novoport Holding Ltd, beneficiaries
owners of which are JSC 'Transneft' and Ziyavudin Magomedov (Summa Group).
NCSP Group consolidated cargo turnover in 2011 totaled 157 million tons.
Consolidated revenue according to IFRS for the nine months of 2011 totaled
$782 million and EBITDA of $404 million. NCSP Group combines the following
stevedore companies: OJSC Novorossiysk Commercial Sea Port, Primorsk Trade
Port Ltd (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk
Shipyard, PJSC Fleet of NCSP, OJSC NLE, OJSC IPP, and Baltic Stevedoring
Company Ltd.
For more information please contact:
Media: M.Sidorov@nmtp.info; senko@ncsp-net.com;
Investement Community: MGrigoriev@nmtp.info



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