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Global Reach
22 Jul 2014

OJSC TransContainer reported its financial results under Russian Accounting Standards for the first six months of 2014

For the first six months ended on 30 June 2014 the total revenue of the Company increased by 12.6% to RUR 17,455 million, while the adjusted  revenue (total revenue less subcontractors’ fees under the integrated A form of payment for sea transportation of cargo, or the use of a ship for a certain period of time. Freight payment is determined by the volume of cargo delivered to the destination
or by the volume of cargo loaded onto the ship.
freight
forwarding and The process of organising a chain of delivery, and managing that chain in the broadest sense. This chain may encompass both deliveries of raw materials needed for production and management of material resources at an enterprise, delivery to warehouses and distribution centres, sorting, handling, and final distribution at the points of consumption. In the context of transportation services, the main service is that of delivering cargo across a delivery route.
logistics
services) decreased by 2.9% to RUR 10,023 million. Operating profit decreased by 18.0% to RUR 2,396 million and EBITDA declined by 10.0% to RUR 4,091 million compared to the same period of 2013. The Company’s net profit amounted to RUR 1,935 million, representing a 17.8% decrease compared to the 1st half of 2013.

Company’s total assets were RUR 45,049 million as of 30 June 2014, total debt was RUR 6,681 million, 10.2% down as compared to 31 December 2013.

The Company’s financial results were negatively affected by the unfavorable pricing environment in the Russian rail transportation market. Company’s transportation volumes during the reporting period grew by 2.2% to 717 thousand TEU.

TansContainer’s financial accounts for the first six months of 2014 under Russian Accounting Standards are available at

http://www.trcont.ru/ru/investoram/otchetnost/finansovaja-otchetnost-po-rsbu/

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