14 May 2014 14:45

NCSP sees RAS net loss grow 500% in Q1 to 3.57 bln rubles

MOSCOW. May 14 (Interfax) - OJSC Novorossiysk Commercial Sea Port (NCSP) saw net loss grow 500% year-on-year in the first quarter of this year to 3.57 billion rubles, according to the company's report to Russian Accounting Standards (RAS).

Revenue was up 26% at 3.3 billion rubles.

Cost of sales increased 21% to 1 billion rubles, while gross profit grew 28% to 2.3 billion rubles.

Short-term liabilities were nearly 13 billion rubles at the end of the reporting period, and long-term liabilities totaled 68 billion rubles.