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.