consolidated financial results to the IFRS for the past nine months, ending on the 30th of September2014. The group’s consolidated revenue reached $746.9 million, seeing an increase of $55.5 million (8% year on year). • Cost of Sales: Reduced by $15 million (4.8% year on year) • SG&A: Reduced by 11.6% year on year. • EBITDA: Increased by $71.1 million (18.7% year on year) Summa News – Dec 2014 – PT1 Sultan Batov, the NCSP’s CEO, commented on the financial results: “NCSP Group’s financial performance has been outpacing operating results since the beginning of 2014 thanks to a diversified cargo mix and a strong marketing power to attract new volumes.”
PT1 FESCO (Far East Shipping Company) has agreed to a REPO loan. They have signed a credit agreement to the value of EUR 72.9 million against the TransContainer shares, in order to refinance. The loan is equal to a 24.1% stake in TransContainer and is for a one year period.
2014 – PT1 In just 11 months, Summa group subsidiary, NCSP, has totalled 122 million tonnes of cargo. From January to November in 2014, the shipping company’s total cargo amounted to 122 million tonnes which comprised of: Liquid Cargo: 95.2 million tonnes: • 68 722 thousand tonnes of crude oil • 25 634 thousand tonnes of oil products • 601 thousand tonnes of UAN • 266 thousand tonnes of seed oils Bulk Cargo: 11 million tonnes: • 11 049 thousand tonnes of bulk cargo • 6625 thousand tonnes of grain • 1626 thousand tonnes of iron ore • 1084 thousand tonnes of coal • 1003 thousand tonnes of raw sugar • 672 thousand tonnes of mineral fertilizers General Cargo: 10.8 million tonnes: • 8746 thousand tonnes of metals and pig iron • 946 thousand tonnes of non-ferrous metals • 589 thousand tonnes of timber cargo • 258 thousand tonnes of perishble cargo • 303 thousand tonnes of other cargo Container Turnover: 5 million tonnes: • 4977 thousand tonnes • 588.6 (thousand TEU).
logistics, engineering, construction, oil and gas sectors as well as telecommunications. Summa Group is a diversified private holding that comprises of more then 10 000 people in 40 regions of Russia and abroad. Mr Ziyavudin Magomedov is the founder and shareholder of the Summa Group, which will reach its 10 year anniversary in 2014. Summa News – Dec 2014 – PT1