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Global Reach
30 Aug 2016

TransContainer reports its financial results under IFRS for the 2nd quarter and the 1st half of 2016

PJSC TransContainer reports its reviewed interim condensed consolidated financial statements for the second quarter and six months ended 30 June 2016.

In the second quarter of 2016 the Company’s net income was up 2.8 times year on year to RUB 956 million compared to RUB 343 million a year earlier. For the first six months of 2016 the net income amounted to RUB 1,412 million, up 35.9% year on year.

Net income margin increased from 7.1% in the second quarter of 2015 to 17.8% for the reporting quarter. For the first six months of 2016 the net income margin was 14.2% compared to 10.5% for the first half of 2015.

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.

The Company’s total revenue under IFRS for the second quarter of 2016 was RUB 12, 484 million and for the first six months of 2016 amounted to RUB 23,543 million, up 26.0 and 17.7% 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 5,360 million and RUB 9,957 million respectively, posting the growth rates of 10.7% and 0.7% year on year.

The adjusted operating expenses of the Company decreased by RUB 196 million, or 2.2% year on year, to RUB 8,590 million.

 For the reporting quarter the Company’s EBITDA grew by 59.5% year on year to RUB 1,885 million and for the first six months of 2016 the EBITDA grew by 13.8% year on year to RUB 3,192 million.

As of 30 June 2016 the Company’s assets amounted to RUB 50,381 million, gross debt was RUB 5,445 million, net debt (gross debt less cash, cash equivalents and short-term investments) was RUB 1,160 million, down 2.5 times as compared to the net debt as of 30 June 2015.

The Company’s financial reports under IFRS are available at:  

 

http://www.trcont.ru/ru/investoram/otchetnost/finansovaja-otchetnost-po-msfo/

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