TransContainer reports full year 2016 IFRS results
PJSC “TransContainer” (“TransContainer” or the “Company”) today publishes its consolidated financial statements for the full year ended 31 December 2016 and the independent auditor’s report prepared by AO PricewaterhouseCoopers Audit.
For the reporting year, the Company’s net profit grew by 14.6% year-on-year to RUB 3,244 million while EBITDA increased by 8.8% year-on-year to RUB 7,099 million, In terms of profitability, adjusted EBITDA margin improved to 32.3% from 32.1% in 2015 , while net profit margin was 14.8%, up from 13.9%, 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, by the extending 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 full year 2016 amounted to RUB 51,483 million, up 21.1% on year on year. Adjusted revenue (total revenue less subcontractors’ fees under company’s 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) grew 8.3% year on year to RUB 21,988 million respectively.
As of 31 December 2016 the Company’s assets amounted to RUB 51,428 million, gross debt was RUB 9,137 million, net debt (gross debt less cash, cash equivalents and short-term investments) amounted to RUB 3,310 million.
The Company’s financial reports under IFRS are available at: