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08/30/2019 | News release | Archived content

NCSP Group Consolidated Financial Results for 6 months of 2019

NCSP Group has published consolidated operational and financial performance results for the six months ended on 30 March 2019, prepared in keeping with International Financial Reporting Standards (IFRS).

The consolidated freight turnover of NCSP Group for the six months of 2019 amounted to 71,760 thou tonnes, including 55,879 thou tonnes of liquid bulk cargoes, 5,588 thou tonnes of bulk solids, 6,941 thou tonnes of general cargoes and 3,245 thou tonnes (341 thou TEU) of freights in containers, and 108 thou tonnes of other freights. EBITDA and net profit of NCSP Group in the reporting period amounted to USD 344,112 thou and USD 630,367 thou, respectively.

NCSP Group's consolidated revenue for the 6 months of 2019 amounted to USD 455,076 thou, which is USD 25,402 thou or 5.3% less than for the 6 months of 2018.

Cash and money equivalents stood at USD 504,273 thou as of 30 March 2019. The Group's net debt is USD 416,588 thou.

The ratio of net debt to LTM EBITDA improved to 0.62* versus 1.26* at the turn of the year.