NCSP Group reported cargo volume in 2012 increased 1.2 percent, or 1.9 million metric tons, reaching 159 million metric tons.
In certain cargoes such as oil products, ferrous metals and grain, the group’s volumes increased at a faster pace than the market, the Russian terminal operator said, in a written statement. In August 2012, the group also began handling coal, diversifying its cargo base.
Profit in 2012 totaled $316.0 million, jumping 142.5 percent from $130.3 million in 2011. However, annual revenue was $1.03 billion, down 1.5 percent from $1.05 billion in the previous year, driven by a decrease in the volume of fuel purchased and resold for bunkering operations, as well as a decrease in revenue from oil handling by $6.7 million, as a result of a reduction in volume by 2.6 million metric tons.
“In 2012, the group faced exceptionally difficult market and weather conditions, including several long storms and flooding in the Krasnodar region,” said Yuriy Matvienko, NCSP Group’s acting CEO. “Nonetheless, we were able to not just maintain, but to increase cargo handling.”