PJSC TransContainer reports its Financial Results under IFRS for the 1st quarter of 2017
PJSC TransContainer reports its Financial Results under IFRS for the 1st quarter of 2017.
For the reporting quarter the Company’s key financial metrics significantly improved on the back of the continuing 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 market growth and the Company’s efforts to optimist container 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 and to improve fleet management.
TransContainer’s net income increased more than 2.3 times to RUB 1,066 million compared to RUB 447 million a year earlier. As compared to the 4th quarter of 2016, net income was up by almost 80%. Net income margin for the reporting period improved to 17.7% from 9.7% in the 1st quarter of 2016.
The Company’s total revenue for the three month ended 31 March 2017 amounted to RUB 14,062 million, up 27.2% year on year. Adjusted revenue (net of subcontractors’ charges) was up 30.9% year on year and amounted to RUB 6,016 million. The Company’s EBITDA increased to RUB 2,142 million from RUB 1,307 a year earlier. EBITDA margin improved to 35.6% from 28.4% respectively.
As of 31 March 2017 the Company’s assets were RUB 51,150 million, total debt was RUB 7,761 million. Since 31 December 2016 net debt decreased by 36.5% to RUB 2,245 million.
The Company’s financial accounts under IFRS are available at: