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Global Reach
11 Jul 2012

OPERATING RESULTS FOR THE SECOND QUARTER OF 2012

Open Joint Stock Company "TransContainer" announces its preliminary operating results for the second quarter of 2012 and for the six months to 30 June 2012.

RNS Number : 3683H

OJSC Transcontainer

11 July 2012

 

11 July 2012

JSC TransContainer

 

 OPERATING RESULTS FOR THE SECOND QUARTER OF 2012

Open Joint Stock Company "TransContainer" ("TransContainer" or the "Company") (LSE, MICEX-RTS: TRCN) announces its preliminary operating results for the second quarter of 2012 and for the six months to 30 June 2012.

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 second quarter of 2012 increased by 8.6% to 370 thousand twenty-foot equivalent units ("TEU") compared to 341 thousand TEU for the second quarter of 2011. This was mainly due to an increase in 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
and Import-bound container traffic, as indicated in the respective waybill.
import transportation
volumes which grew 4.6 times and by 19.5% respectively. Domestic transportation volumes decreased by 4.5%  due to the Company's route network optimisation as well as competition growth on a number of domestic routes.

Transportation of containers by TransContainer's fleet in 2Q 2012 (ISO Loaded + Empty), 000' TEU


2Q 2011

2Q 2012

Change




000' TEU

Percent

Domestic Routes

200.0

191.1

-8.9

-4.5%

Export

81.8

87.7

+6.0

+7.3%

Import

52.8

63.0

+10.3

+19.5%

Transit

6.1

28.2

+22.1

+362.4%

All Routes

340.7

370.0

+29.3

+8.6%

 

The Company's rail container transportation volumes for the first six months of 2012 amounted to 717 thousand TEU, up 9.6% year on year. This growth was mainly driven by transit and export traffic.

Transportation of containers by TransContainer's fleet in 1H 2012 (ISO Loaded + Empty), 000' TEU


6 m 2011

6 m 2012

Change




000' TEU

Percent

Domestic Routes

379.1

377.8

-1.3

-0.3%

Export

158.9

178.3

+19.4

+12.2%

Import

104.3

110.3

+6.0

+5.7%

Transit

11.6

50.4

+38.8

+335.0%

All Routes

653.9

716.8

+62.9

+9.6%

 

The Company's revenue-generating container transportation* volumes grew by 12.6% to 284 thousand TEU in the second quarter of 2012 from 253 thousand TEU in the second quarter of 2011. For the first six months of 2012 revenue-generating container transportation volumes were up 12.5% to 544 thousand TEU compared to 483 thousand TEU for the same period of 2011.

TransContainer's estimated share of Russia's rail container transportation for the first six months of 2012 decreased to 50% compared with the full year 2011 estimate of 51%.

__________

* 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 Russia for the second quarter of 2012 decreased by 14.6% to 355 thousand TEU compared to 416 thousand TEU for the same period of 2011. The decrease was mainly due to the 44.3% drop in handling 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
) as a result of continuing MDC fleet disposal. MDC handling volumes in the second quarter of 2012 were 32 thousand TEU compared to 57 thousand TEU in 2Q 2011.

For the first six months of 2012, throughput of the Company's rail container terminal network in Russia amounted to 690 thousand TEU, a decrease of 12% year on year. MDC handling volume dropped 43% YoY for the same period.

 

Operational Efficiency

In the second quarter of 2012, the A specialised type of rolling stock designed to carry ISO containers.
flatcar
empty runs continued to decrease to reach the 7.7% level. Container 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, further to the 1Q 2012 hike to 39.3%, eased to 35.6%, close to the 2011 level.

The flatcar and container turnover figures in the first half of 2012 remained approximately flat as compared to relevant metrics for 2011.


2Q 2011

2Q 2012

1H 2011

1H 2012

Turnover of containers, days

21.4

22.4

21.9

22.8

Turnover of flatcars, days

12.4

12.9

13.0

13.3






Empty run* for containers, %

34.0%

35.6%

35.1%

37.5%

Empty run* for flatcars, %

8.6%

7.7%

8.7%

7.9%

* Empty run ratio is calculated as an average empty run in kilometers divided by an average total run in
   kilometers

 

Enquiries:

TransContainer


Andrey Zhemchugov, Director, Capital Markets and Investor Relations

+7 495 637 9178
+7 495 609 6062

E-mail

IR@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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