Financial Results for the 9 months of 2013 under Russian Accounting Standards
OJSC TransContainer reported its financial results for the first nine months of 2013.
Amid the challenging market conditions and tightening competition the Company concentrated on optimising the costs and maintaining profitability. Adjusted EBITDA margin in the first nine months of 2013 remained at 45 per cent and adjusted net profit margin was 24 per cent in line with the level of the corresponding period in 2012. In particular, the Company achieved considerable results in reducing the empty runs ratio: in the first nine months of 2013 For containers - transporting an empty container on a flatcar, for flatcars – a flatcar run without container(s) or any non-container cargo.
empty run ratio for containers decreased from 36.8 per cent to 30.8 per cent.
The Company’s revenues amounted to RUB 24,431 million for the first nine months of 2013, which is 2,2 per cent lower than in the same period of 2012. EBITDA decreased by 9.1 per cent and totaled RUB 7,235 million for the first nine months of 2013. Net income for the reporting period amounted to RUB 3,852 million which is 9.9 per cent lower than for the first nine months of 2012.
Company’s total assets were RUB 44,674 million as of 30 September 2013.
Please refer to www.trcont.ru/investor-relations/reporting/financial-reports-under-ras/ for TransContainer’s financial accounts for the first nine months of 2013 under Russian Accounting Standards.
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