TransContainer reports its financial results under RAS for the I quarter of 2018
PJSC TransContainer reports its financial results under RAS for the I quarter of 2018.
For the reporting quarter the Company’s net profit increased by 19.5% year on year to RUB 1,479 million, while net profit margin grew to 22.7% from 21.4% a year earlier.
TransContainer’s total revenue was up 16.7% year on year to RUB 16,249 million. Adjusted revenue (net of subcontractors’ charges) increased by 12.7% year on year to RUB 6,521 million on the back of an increase in revenue-generating 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 5.3% year on year. Adjusted operating expenses (also net of subcontractors’ charges) grew by just 7.0% year on year.
For the reporting quarter the Company’s EBITDA grew by 16.4% to RUB 2,752 billion compared to RUB 2,364 million a year earlier. Adjusted EBITDA margin improved to 42.2% from 40.8% in the first quarter of 2017.
The Company’s financial results in the first quarter of 2017 were positively impacted by an increase in revenue-generating transportation volumes, flexible tariff policy, continuing empty runs optimization and cost control.
As of 31 March 2018 the Company’s assets stood at RUB 58,012 million, total debt was RUB 11,092 million, net debt was RUB 923 million.
TransContainer’s financial report under RAS is available at:
2017 Annual Report
PDF-version of our latest Annual Report