Revenue
| ‘000 USD | 2018 | 2017 | Change | Change, % |
|---|---|---|---|---|
| Revenue | 951,253 | 899,831 | 51,422 | 5.7 |
| Operating expenses before depreciation and amortization | -292,917 | -256,844 | -36,073 | 14.0 |
| Other operating (expenses)/revenue | -1,384 | 180 | -1,564 | -868.9 |
| Operating profit before depreciation and amortization | 656,952 | 643,167 | 13,785 | 2.1 |
| Depreciation and amortization | -72,361 | -73,515 | 1,154 | -1.6 |
| Impairment of construction in progress | -495 | -1,639 | 1,144 | -69.8 |
| Operating profit | 584,096 | 568,013 | 16,083 | 2.8 |
| Financial income | 13,597 | 15,059 | -1,462 | -9.7 |
| Financial expenses | -73,095 | -72,461 | -634 | 0.9 |
| Income/(expenses) due to exchange differences, net | -201,579 | 66,677 | -268,256 | -402.3 |
| Share in joint venture profit | 6,091 | 4,858 | 1,233 | 25.4 |
| Other income | 4,363 | 4,543 | -180 | -4.0 |
| Profit before tax | 333,473 | 586,689 | -253,216 | -43.2 |
| Profit tax | -65,362 | -114,660 | 49,298 | -43.0 |
| Profit for period | 268,111 | 472,029 | -203,918 | -43.2 |
| Other comprehensive (loss)/income for year after profit tax | -157,695 | 40,216 | -197,911 | -492.1 |
| Comprehensive income for year | 110,416 | 512,245 | -401,829 | -78.4 |
| EBITDAManagement reporting data | 669,433 | 653,743 | 15,690 | 2.4 |
| Net debt / EBITDAManagement reporting data | 1.26 | 1.64 | – | – |
| EBITDAManagement reporting data margin, % | 70.4 | 72.7 | – | – |
NCSP Group’s revenue to International Financial Reporting Standards (IFRS) grew by $51.4 million or 5.7% in 2018, primarily on the back of growth in revenue from stevedoring services and additional port services.
The Group’s EBITDA grew by $15.7 million or 2.4% in 2018.
Profit decreased by $203.9 million or 43% to $268.1 million, primarily due to expenses on exchange rate differences in the amount of $201.6 million.