OJSC TransContainer Reported its Financial Results under Russian Accounting Standards for the Full Year 2013
In 2013, the Russian rail 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 grew by 5.2 per cent year on year being one of the most sustainable segments of the rail 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 transportation market in Russia. However the tightening competitive environment put the transportation tariffs under pressure which led to the moderate tariff decline as compared to the previous year.
The Company’s revenues amounted to RUB 33,173 million in 2013, remaining unchanged compared to the previous year when the Company generated RUB 33,187 million of revenue.
Net income for the reporting period amounted to RUB 4,528 which is 6.0 per cent lower than for the full year 2012.
Under challenging market environment the Company concentrated on optimising the costs and maintaining profitability. In particular, the Company achieved considerable results in reducing the empty runs ratio: in 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 35.9 per cent to 30.5 per cent and empty run for flatcars decreased from 7.5 per cent to 6.7 per cent.
As a result, adjusted EBITDA margin for the full year 2013 increased to 41 per cent from 40 per cent in 2012 and adjusted net profit margin grew from 20 per cent in 2012 to 21 per cent in 2013.
Company’s total assets were RUB 43,594 million as of 31 December 2013, up by 5.8 per cent year on year.
Please refer to www.trcont.ru/investor-relations/reporting/financial-reports-under-ras/ for TransContainer’s financial accounts for the full year 2013 under Russian Accounting Standards.
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