PJSC TransContainer reports its Financial Results under Russian Accounting Standards for the first nine month of 2015
PJSC TransContainer reports its financial results under Russian Accounting Standards (RAS) for the first nine months of 2015. Company’s financial position was affected by continued decline 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 amid the deteriorating economic environment: in the third quarter of 2015 the rail container transportation market declined by 10.8% year on year followed by the drop by 11.0% in the second quarter of 2015.
Despite the challenging market environment, during the reporting period the Company managed to ensure business profitability and improve its market share.
For the first nine months of 2015 the total revenue of the Company increased by 15.1% year on year to RUB 30,894 million, while the 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 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) decreased by 1.1% to RUB 15,214 million respectively. Operating profit decreased by 41.6% to RUB 2,143 million. EBITDA contracted to RUB 4,310 million from RUB 6,320 million for the corresponding period of 2014 while the Company’s net profit decreased to RUB 1,477 million from RUB 3,052 million respectively. Hence in the 3rd quarter of 2015 the Company earned RUB 785 million of the net profit while for the first six months of the 2015 the net income was just of RUB 692 million.
Company’s total assets were RUB 44,094 million as of 30 September 2015 while the total debt was RUB 5,070 million. The net debt (the total debt less cash, cash equivalents and short-term investments) was RUB 2,656 million, down 37.8% as compared to the net debt amount as of 31 December 2014.
Company’s transportation volumes during the reporting period decreased by 5.3% to 1,035 thousand TEU, while its market share increased to 47.3% from 45.5% for the corresponding period of 2014.
TransContainer’s financial accounts for the first nine months of 2015 under Russian Аccounting Standards are available at