OJSC TransContainer reported its financial results under Russian Accounting Standards for the 1st quarter of 2014
For the first three months ended on 31 March 2014 the total revenue of the Company increased by 14.4% to RUR 8,415 million, the operating profit increased by 4.0% to RUR 1,236 million and EBITDA grew by 6.9% to RUR 2,171 million compared to the same period of 2013. The Company’s net profit amounted to RUR 1,068 million, representing a 8.09% increase compared to the 1st quarter of 2013.
Adjusted EBITDA margin increased to 44.7% in the 1st quarter of 2014 compared to 41.9% for the same period of 2013, net profit margin improved to 22.0% from 20.2% respectively.
Company’s total assets were RUR 44,540 million as of 31 March 2014, total debt was RUR 7,380 million, 0.8% down since 31 December 2013.
The improvement it Company’s financial metrics resulted mainly from an increase in transportation volumes during the reporting period by 1.9% to 349 thousand TEU as well as by Company’s measures aimed at an improvement of business efficiency (in particular, a decrease in repair costs and interest expenses).
TansContainer’s financial accounts for the 1st quarter of 2014 under Russian Accounting Standards are available at http://www.trcont.ru/ru/investoram/otchetnost/finansovaja-otchetnost-po-rsbu/
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