NCSP sales revenues could be 32 bln rubles for 2012
MOSCOW. Feb 18 (Interfax) - Sales revenues at the Novorossiysk Commercial Sea Port (NCSP) group for last year could run to 32 billion rubles, Transneft First Vice President Maxim Grishanin has told the press.
"The forecast for the group's sales revenues [is] 32 billion rubles in 2012," Grishanin said, without saying to what standards that was calculated.
The group's investment program for last year was planned at 5.4 billion rubles, but it actually amounted to only 2.5 billion rubles.
NCSP stressed on Monday evening that the Grishanin cited figures from "preliminary, unaudited management accounts," but confirmed that the revenue was correctly reported. The preliminary EBITDA is 18.3 billion rubles, it said.
The figures are calculated under IFRS and could undergo substantial revision in audited financial reports. In that regard, the company asks investors not to take action based on the information voiced by Grishanin. NCSP plans to publish audited 2012 financials in April.
NCSP Group includes the stevedore companies OJSC NCSP, OJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, OJSC NCSP Fleet, OJSC Novoroslesexport, OJSC IPP, Baltic Stevedore Company Ltd. (Kaliningrad region), Primorsk Sea Port (Leningrad region), and the Chinese outfit Henford Logistics Ltd (which is the agent for purchasing tugboats for the group).
The group's main shareholder is Novoport (belonging to investment group Summa Capital and Russian oil pipeline company OJSC Transneft on parity beginnings) - it owns 50.1% of the company's stock. Another 20% of NCSP stock is held by federal state property fund Rosimushchestvo, 2.7% is treasury shares, 18.8% is held by nominal holder JP Morgan Chase, OJSC Russian Railways (RZD) manages 5%, and the rest is in free circulation.