NCSP Group Records US$104.7mn Net Loss In 2013


News: Russia-based Novorossiysk Commercial Sea Port Group (NCSP Group) registered a net loss of US$104.7mn in 2013, compared with a profit of US$316mn in 2012. The loss was registered due to an impairment of goodwill charge of US$259.9mn and exchange rate losses totalling US$$125.4mn. In the reported period, revenue amounted to US$928.1mn, compared with US$1.03bn in 2012. NCSP Group's cargo turnover reached more than 141mn tonnes in 2013, compared with 159mn tonnes in the year-ago period.

This article is tagged to:
Sector: Shipping
Geography: Russia