Novorossiysk Commercial Sea Port posts QI net loss of RUB 563.47 mln
In the first quarter of 2013, net loss of Novorossiysk Commercial Sea Port OJSC calculated under Russian Accounting Standards totaled RUB 563.47 mln against the profit of RUB 5,674,236,000 a year before. According to the company’s materials, its revenue dropped by 5.4% to RUB 2,615,783,000.
Novorossiysk Commercial Sea Port (NMTP Group) is Russia’s largest port operator in terms of cargo turnover. 50.1% shares of NMTP belong to Novoport Holding Ltd, the beneficial owners of which are OJSC Transneft and Summa Group. The Group comprises the following stevedoring companies: Novorossiysk Commercial Sea Port O JSC, Primorsk Commercial Port, Novorossiysk Grain Terminal OJSC, Novorossiysk Ship Repair Yard OJSC, NCSP Fleet OJSC, Novoroslesexport OJSC, IPP OJSC, Baltic Stevedore Company LLC and SFP CJSC. In 2012, the Group’s throughput gained 1.2% to 158.9 mln tonnes.
