PJSC TransContainer today published its management report together with the unaudited interim condensed financial statements for the three months ended 31 March 2015. The financial statements have been prepared in accordance with the International Financial Reporting Standards (“IFRS”).
During the first three months of 2015, the Company’s total revenue increased by 19.3% year on year to RUB 10,095 million. Company’s EBITDA decreased by 28.4% year on year to RUB 1,622 million and the net income declined by 42.2% to RUB 756 million from RUB 1,309 million in the corresponding period of 2014. Company’s adjusted EBITDA margin in the first three months of 2015 declined year on year from 46.4% to 32.2%, while the adjusted net profit margin decreased from 26.8% to 15.0%.
The Company’s financial results for the three month ended 31 March 2015 reflectchallenging pricing and operating environment in the Russian rail container transportation market as well as relatively high base of the first quarter of 2014.
Company’s total assets as at 31 March 2015 were RUB 49,397 million, Company’s equity was RUB 36,150 million.
Consolidated IFRS accounts of PJSC TransContainer for the three months ended 31 March 2015 are available at: