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Global Reach
17 Oct 2011

Operating results

Open Joint Stock Company "TransContainer" announces its preliminary operating results for the third quarter of 2011 and for the first nine months of 2011.

RNS Number : 2526Q
OJSC Transcontainer
17 October 2011
 

TransContainer
 
OPERATING RESULTS FOR THE third QUARTER OF 2011 AND THE FIRST NINE MONTHS OF 2011
 
Open Joint Stock Company "TransContainer" ("TransContainer" or the "Company") (LSE: TRCN) announces its preliminary operating results for the third quarter of 2011 and for the first nine months of 2011. 
 
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 volumes
 
The Company's rail container transportation volumes for the third quarter of 2011 increased by 9.3% to 346 thousand twenty-foot equivalent units ("TEU") compared to 317 thousand TEU in the third quarter of 2010. This was mainly due to an increase in export transportation which went up by 19 thousand TEU, or 28.7%. 
 
Transportation of containers by TransContainer's fleet in 3Q 2011 (ISO Loaded + Empty), 000' TEU
 
 3Q 2010 3Q 2011 Change
   000' TEU %
Domestic Routes 188 196 8 +4.4%
Export 66 85 19 +28.7%
Import 55 57 2 +4.0%
Freight passing from one country to another through a third country. Whether cargo is permitted to transit a certain country and under what terms is subject to trade agreements and treaties between countries. Direct transit is when foreign goods are shipped under tariff protection, without holding at a customs warehouse; indirect transit is when goods arrive at customs warehouses and are then transported abroad.
Transit
 8 8 0 +0.2%
All Routes 317 346 29 +9.3%
 
The Company's rail container transportation volumes for the first nine months of 2011 increased by 15.0% to 1 000 thousand TEU compared to 869 thousand TEU in the first nine months of 2010, mainly due to an increase in import and export transportation. Domestic transportation volumes in the first nine months of 2011 rose by 10.2% to 575 thousand TEU.
 
Transportation of containers by TransContainer's fleet for the 9M 2011 (ISO Loaded + Empty), 000' TEU
 
 9M 2010 9M 2011 Change
   000' TEU %
Domestic Routes 522 575 53 +10.2%
Export 192 244 52 +27.1%
Import 134 161 27 +20.3%
Transit 21 19 2 -8.1%
All Routes 869 1 000 131 +15.0%
 
Revenue-generating container transportation* volumes grew by 13.4% to 260 thousand TEU in the third quarter of 2011 as compared to 230 thousand TEU in the third quarter of 2010. For the first nine months of 2011 revenue-generating container transportation volumes increased by 18.3% to 744 thousand TEU as compared to 629 thousand TEU for the same period of 2010.
 
TransContainer's estimated market share decreased slightly to 51.3% for the nine months of 2011.
 
__________
* transportation of clients' containers and own loaded containers
 
Terminal handling
 
Throughput of the Company's rail A place equipped for the trans-shipment and storage of containers. A container terminal
typically includes one or more container yards. Rail-based container terminals are equipped with spur tracks for loading and unloading containers to/from railroad platforms (cars).
container terminal
network in the third quarter of 2011 decreased by 19 thousand TEU, or 4.6% to 393 thousand TEU, compared to 413 thousand TEU in the third quarter of 2010. This decrease mainly resulted from a sharp decrease of medium-duty containers (A medium duty container of an outdated local standard for Russia and former Soviet Union states, designed to carry loads not exceeding 5 tons.
MDC
) handling by 47 thousand TEU, or 58.2%, which was partially offset by an increase in ISO container handling by 28 thousand TEU, or 8.3%.  For the first nine months of 2011, the Company's terminal handling volumes amounted to 1,177 thousand TEU, representing an increase of 75 thousand TEU, or 6.8%, compared to the same period of 2010.
 
Asset utilisation
 
The Company's key asset utilization metrics showed significant improvement in the third quarter of 2011 and for the first nine months of 2011:
 
 3Q 2010 3Q 2011 9M 2010 9M 2011
Turnover of containers, days 20,8 21,8 21,9 21,9
Turnover of flatcars, days 13,6 13,0 14,4 13,0
    
For containers - transporting an empty container on a flatcar, for flatcars – a flatcar run without container(s) or any non-container cargo.
Empty run
* for containers, % 39,8% 32,9% 39,9% 34,4%
Empty run* for flatcars, % 9,6% 8,4% 9,2% 8,6%
 
* Empty run ratio is calculated as an average empty run in kilometers divided by an average total run in kilometers
 
17 October 2011
 
Enquiries:
 
TransContainer 
Andrey Zhemchugov, Director, Capital Markets and Investor Relations  +7 (499) 262 8506
E-mail ir(at)remove-this.trcont.ru
Website www.trcont.ru

 
College Hill 
Tony Friend / Alexandra Roper +44 (0)20 7457 2020
 
 

This information is provided by RNS
The company news service from the London Stock Exchange

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