PJSC TransContainer reports its Financial Results under Russian Accounting Standards for the 1st quarter of 2017
PJSC TransContainer reports its Financial Results under Russian Accounting Standards (RAS) 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 measures aimed at the further business improvement.
TransContainer’s net income increased more than 2.3 times to RUB 1,237 million compared to RUB 527 million a year earlier. As compared to the 4th quarter of 2016, net income more than tripled. Net income margin for the reporting period improved to 21.4% from 12.0% in the 1st quarter of 2016.
The Company’s total revenue for the three month ended 31 March 2017 amounted to RUB 13,922 million, up 26.8% year on year. Adjusted revenue (net of subcontractors’ charges) was up 31.9% year on year and amounted to RUB 5,788 million. The Company’s EBITDA increased to RUB 2,364 million from RUB 1,429 a year earlier. EBITDA margin improved to 40.8% from 32.6% respectively.
As of 31 March 2017 the Company’s assets were RUB 47,763 million, total debt was RUB 7,546 million. Since 31 December 20156 net debt decreased by 40.2% to RUB 2,411 million.
The Company’s financial accounts under Russian Accounting Standards are available at: