PJSC TransContainer reports its Financial Results under IFRS for the 3rd quarter and the first nine months of 2016
PJSC TransContainer reports its unaudited interim condensed consolidated financial statements for the third quarter and nine months ended 30 September 2016.
For the nine month ended 30 September 2016, the Company’s net profit grew by 37.2% year-on-year to RUB 2,641 million while EBITDA increased by 13.7% year-on-year to RUB 5,298 million, In terms of margins, adjusted EBITDA margin improved from 30.8% for the nine months in 2015 to 33.8% in the reporting period, while net profit margin was up from 12.7% to 16.8%, respectively.
In the third quarter of 2016, the Company’s net profit was up 30.8% year-on-year and amounted to RUB 1,159 million. EBITDA increased by 13.5% year-on-year to RUB 2,106 million. Adjusted EBITDA margin grew from 35.2% in the third quarter of 2015 to 36.7% in the reporting quarter of 2016, while net profit margin improved from 16.8% to 20.2%, respectively.
The growth in the Company’s net income and net income margin was primarily driven by an increase in transportation volumes by the Company’s A specialised type of rolling stock designed to carry ISO containers.
flatcar and 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 fleet, a widened range of transportation and 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 services as well as by effective cost control and fleet management.
The Company’s total revenue under IFRS for the third quarter of 2016 was RUB 13,357 million and for the first nine months of 2016 amounted to RUB 36,900 million, up 20.8% and 18.8% year on year respectively. Adjusted revenue (total revenue less subcontractors’ fees under the integrated 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 forwarding and logistics services) amounted to RUB 5,738 million and RUB 15,695 million respectively, posting the growth rates of 9.0% and 3.6% year on year.
As of 30 September 2016 the Company’s assets amounted to RUB 55,415 million, gross debt was RUB 8,938 million, net debt (gross debt less cash, cash equivalents and short-term investments) turned to negative RUB 310 million.
The Company’s financial reports under IFRS are available at: