MOSCOW, April 1. /TASS/. Net profit of Russia’s Novorossiysk Commercial Seaport (NCSP) under International Financial Reporting Standards (IFRS) fell by 13.1% in 2023 compared with 2022 to 30.2 bln rubles ($330.5 mln), the company reported.

Revenue totaled 67.5 bln rubles ($738.5 mln) in the reporting period, up by 22.6%.

The company’s assets gained 7.3% to 192.6 bln rubles ($2.1 bln), while operating profit increased by 25.7% to 36.9 bln rubles ($403.89 mln).

NCSP is the largest Russian port operator in terms of freight turnover. Transneft with a 62% stake is its controlling shareholder.