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angle-left null OJSC TransContainer reported its financial results under Russian Accounting Standards for the first six months of 2014

For the first six months ended on 30 June 2014 the total revenue of the Company increased by 12.6% to RUR 17,455 million, while the adjusted  revenue (total revenue less subcontractors’ fees under the integrated freight forwarding and logistics services) decreased by 2.9% to RUR 10,023 million. Operating profit decreased by 18.0% to RUR 2,396 million and EBITDA declined by 10.0% to RUR 4,091 million compared to the same period of 2013. The Company’s net profit amounted to RUR 1,935 million, representing a 17.8% decrease compared to the 1st half of 2013.

Company’s total assets were RUR 45,049 million as of 30 June 2014, total debt was RUR 6,681 million, 10.2% down as compared to 31 December 2013.

The Company’s financial results were negatively affected by the unfavorable pricing environment in the Russian rail transportation market. Company’s transportation volumes during the reporting period grew by 2.2% to 717 thousand TEU.

TansContainer’s financial accounts for the first six months of 2014 under Russian Accounting Standards are available at