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NCSP Group, operating and financial results

NCSP Group hereby announces its consolidated operating and financial results for the nine months ended 30 September 2018 prepared under International Financial Reporting Standards (IFRS).

Transshipment of cargo in 9M 2018 totaled 105 166 thousand tons, including 75 493 thousand tons of liquid cargo, 13 298 thousand tons of bulk cargo, 10 993thousand tons of general cargo, 4 681 thousand tons (469 thousand TEU) of containers and 702 thousand tons of other cargo.

NCSP Group’s consolidated revenue for 9M 2018 increased by $50 943 thousand or 7.7% year-on-year and totaled $712 500 thousand.

Group’s EBITDA and net profit in the reporting period totaled $512 931 thousand* and $215 698 thousand respectively.

As at 30 September 2018 cash and cash equivalents totaled $335 322 thousand. Net debt reduced to $775 989* thousand.

Net debt to LTM EBITDA ratio improved to 1.13* versus 1.64* at the beginning of the year.

NCSP Group Key Financial Metrics for the Nine Months 2018

(thousand US dollars) 9М 2018 9М 2017 Change Change %
Revenue 712 500 661 557 50 943 7,7%
EBITDA* 512 931 482 453 30 478 6,3%
EBITDA Margin* 72,0% 72,9% -0,9%
Profit for the period 215 698 359 354 -143 656 -40,0%
(thousand US dollars) 30.09.2018 31.12.2017 Change Change %
Debt (incl. financial lease) 1 111 311 1 196 425 -85 114 -7,1%
Cash and equivalents 335 322 121 528 213 794 175,9%
Net debt* 775 989 1 074 897 -298 908 -27,8%
Net debt / LTM EBITDA* 1,13 1,64

* Management accounts

Source: NCSP Group
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