You are on page 1of 5

Summa News Dec 2014 PT1

Summa News
Latest news from Summa Group 2014

Summa News Dec 2014 PT1

NCSP Group Consolidates Financial Results


The NCSP Group released their consolidated financial results to the IFRS for the past nine
months, ending on the 30th of September2014. The groups 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)
Sultan Batov, the NCSPs CEO, commented on the
financial results: NCSP Groups 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.

Summa News Dec 2014 PT1

FESCO Refinanced REPO Loan


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.

Summa News Dec 2014 PT1

NCSP Turnover Totalling 122 Million Tonnes


In just 11 months, Summa group subsidiary, NCSP, has totalled 122 million tonnes of cargo.
From January to November in 2014, the shipping companys 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

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

Bulk Cargo: 11 million tonnes:


11 049 thousand tonnes of bulk cargo
Container Turnover: 5 million tonnes:
6625 thousand tonnes of grain
4977 thousand tonnes
1626 thousand tonnes of iron ore
588.6 (thousand TEU).
1084 thousand tonnes of coal
1003 thousand tonnes of raw sugar
672 thousand tonnes of mineral fertilizers

Summa News Dec 2014 PT1

About Summa Group


Summa Group specialises and invests in port 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.

You might also like