PJSC TransContainer reports its Financial Results under IFRS for the 1st quarter of 2015
PJSC TransContainer today published its management report together with the unaudited interim condensed financial statements for the three months ended 31 March 2015. The financial statements have been prepared in accordance with the International Financial Reporting Standards (“IFRS”).
During the first three months of 2015, the Company’s total revenue increased by 19.3% year on year to RUB 10,095 million. Company’s EBITDA decreased by 28.4% year on year to RUB 1,622 million and the net income declined by 42.2% to RUB 756 million from RUB 1,309 million in the corresponding period of 2014. Company’s adjusted EBITDA margin in the first three months of 2015 declined year on year from 46.4% to 32.2%, while the adjusted net profit margin decreased from 26.8% to 15.0%.
The Company’s financial results for the three month ended 31 March 2015 reflect challenging pricing and operating environment in 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 as well as relatively high base of the first quarter of 2014.
Company’s total assets as at 31 March 2015 were RUB 49,397 million, Company’s equity was RUB 36,150 million.
Consolidated IFRS accounts of PJSC TransContainer for the three months ended 31 March 2015 are available at: