PJSC TransContainer reports its Financial Results under IFRS for full year 2019
PJSC “TransContainer” and its subsidiaries (the “Group”) today publishes its audited consolidated financial statements prepared in accordance with the International Financial Reporting Standards (“IFRS”) for the full year of 2019.
In the reporting year, net profit of the Group increased by 23.6% on the year on year basis and amounted to RUB 11,750 million. Net income margin improved from 30.4% in 2018 to 31.0% for the reporting period.
The Company’s financial results in 2019 were positively impacted by an increase in transportation volumes on the back of favorable market situation, as well as by an improvement in basic logistic processes.
The total revenue of the Group for the full year of 2019 amounted RUB 86,179 million, up 12% year on year. Adjusted revenue (net of subcontractors’ charges) was up 21.1% year on year and amounted to RUB 37,896 million. At the same time the Group’s adjusted operating expenses (net of subcontractors’ charges) grew just by 9.8% year on year to RUB 23,286 million. Operating profit of the Group for the full year of 2019 increased by 36.4% year on year to RUB 15,771 million.
As of 31 December 2019 the Group’s assets were RUB 84,359 million, total debt was consisted of three outstanding bond issues and amounted RUB 22,352 million and the net debt was RUB 15,872 million.
The financial accounts of Transcontainer Group under IFRS are available at:https://trcont.com/en/investor-relations/reporting/financial-reports-under-ifrs
*calculated as of % of Adjusted Revenue