NCSP Group (LSE: NCSP, MICEX: NMTP) reports that on July 8, 2012 after the establishment of favorable weather conditions NCSP Group companies, located in Novorossiysk, resumed marine cargo handling.
Rado Antolovic states: “After an effective examination and inspection of facilities and loading equipment held within the last 24 hours, NCSP companies are ready to marine handling of all types of cargo”.
Therewith the damage caused to NCSP Group by heavy rains and flood continues to be assessed. “This process will continue over the next few days,” added R. Antolovic.
NCSP Technical Services have started repairs.
In view of the consequences of the emergency situation in Krasnodar region Joint Commercial Management of NCSP Group and the clients are working on adjusting the schedule of cargo handling.
About NCSP Group
NCSP Group 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 belong to Novoport Holding Ltd, beneficiaries owners of which are JSC “Transneft” and Ziyavudin Magomedov (Summa Group). NCSP Group cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS in 2011 totaled $1 049 million and EBITDA of $550 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, Primorsk Oil Terminal Ltd (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC NLE, OJSC IPP, and Baltic Stevedore Company Ltd.
For more information contact:
For the press: M.Sidorov @ nmtp.info +7-903-136-22-40 ; KSenko@ncsp.com;
For investment companies representatives: IR@nmtp.info