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Net Profit of NCSP Group Rises 50.9% in Q1 2019

Date of publication: 31 May 2019

NCSP Group has published consolidated operational and financial performance results for the year ending on 31 March 2019, prepared in keeping with International Financial Reporting Standards (IFRS).

Consolidated freight turnover of NCSP Group for January–March of 2019 amounted to 35,950 thousand tonnes, including 26,540 thou tonnes of liquid bulk cargoes, 3,678 thou tonnes of bulk solids, 4,092 thou tonnes of general cargoes and 1,509 thou tonnes (161 thou TEU) freights in containers, and 131 thou tonnes of other freights. The consolidated revenue of NCSP Group for the 3 months of 2019 amounted to USD 239,885 thou, up USD 1,977 thou or 0.8% year-on-year.

EBITDA and net profit of NCSP Group in the reporting period amounted to USD 186,684 thou* and USD 167,737 thou respectively.

Cash and money equivalents stood at USD 183,224 thou as of 31 March 2019. The Group’s net debt dropped to USD 837,794* thou.

The ratio of net debt to LTM EBITDA improved to 1.22* versus 1.26* at the turn of the year.

*As per the data of management reporting


NCSP Press Service
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