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NSCP Group Reports Reduced First Quarter Turnover
NCSP Group publishes Consolidated Financial Results for 3 months of 2021, prepared in accordance with International Financial Reporting Standards (IFRS).
Consolidated cargo turnover of NCSP Group for Q1 2021 amounted to 27.5 million tons, which is 6.6 million tons less than in Q1 2020. The main impact on cargo turnover, as well as revenue and EBITDA, was a decrease in the transshipment of liquid cargo, including crude oil, by 5.5 million tons due to macroeconomic restrictions developed since April-May 2020 due to the pandemic and the OPEC+ agreement.
The net profit for Q1 2020 was greatly influenced by the revaluation of debt foreign currency obligations. Its impact on net profit in Q1 2021 was less significant.
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