Financial results for the first quarter of 2013
JSC “TransContainer” today published its financial results for the first quarter of 2013.
Company’s total revenue for the first quarter of 2013 increased by 0.3% to RUR 8,558 million as compared to the same period of 2012, operating profit decreased by 13.6% to RUR 1,595 million, EBITDA amounted to RUR 2,129 million, down 12.3% year on year.
Profit for the period decreased by 7.5% year on year to RUR 1,108 million.
Company’s total assets were RUR 45,967 million, Company’s equity was RUR 28,772 million as of 31 March 2013.
The negative dynamics in both scale and profitability of TransContainer’s business was a result of decrease in demand on the back of growth in competition on the railway Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container transportation market in January-February 2013 partially offset by the Company’s management efforts aimed at costs optimisation as well as further development of the Company’s operations in Kazakhstan and Central Asia through the Kazakh subsidiary Kedentransservice.
Consolidated IFRS accounts of JSC TransContainer for the first quarter of 2013 are available at:
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