NCSP posts 9M 2008 Net Profit increase of 43%
Russia’s Novorossiysk Commercial Sea Port has posted a 9M 2008 Net Profit of $106.33 million under IFRS.
The 9M bottom line was up 43% year on year, with EBITDA coming in at $251.09 million, up 50%, on the back of Revenues of $487.56 million, up 46%, for the London listed operator of Russia’s largest seaport.
The company attributed the results to new terminal facilities reaching their design capacities for containers, petroleum products and grain, along with expanded services offered by the company.
Downturn highlights Russia’s need for diversification
You can share this story on social media:
Follow RT on
Dear readers! Thank you for your vibrant engagement with our content and for sharing your points of view. Please note that we have switched to a new commenting system. To leave comments, you will need to register. We are working on some adjustments so if you have questions or suggestions feel free to send them to feedback@rttv.ru. Please check our commenting policy
