PJSC TransContainer reports its Financial Results under Russian Accounting Standards for the first six months of 2017. 

For the first six months of 2017 the Company’s net income doubled on the year on year basis and amounted to RUB 2,836 million. Net income margin improved from 14.2% for the first half of 2016 to 21.8% for the reporting period. 

In the second quarter of 2017 TransContainer’s net income was RUB 1,770 million, up 85.1% year on year. Net income margin grew from 17.8% to 25.4%, respectively.  

The Company’s net income was positively impacted by growing transportation volumes by the Company’s fleet, efficient empty runs management and improving labour productivity.

The Company’s total revenue for the first half of 2017 was RUB 30,673 million, up 30.3% year on year. Adjusted revenue (net of subcontractors’ charges) was up 30.4% year on year and amounted to RUB 12,985 million on the back of a growth in revenue-generating transportation volumes by 23.0%. At the same time the Company’s adjusted operating expenses (net of subcontractors’ charges) grew just by 14.5% year on year to RUB 9,836 million. The Company’s EBITDA surged by 62.7% year on year to RUB 5,192 million from RUB 3,192 million a year earlier. EBITDA margin improved to 40.0% from 32.1% respectively. 

In the second quarter of 2017 the Company’s total revenue was up 33.1% and amounted to RUB 16,611 million, adjusted revenue increased by 30.0% year on year to RUB 6,969 million driven by an increase in revenue-generating volumes by 20.3%. In the second quarter EBITDA grew by 61.8% to RUB 3,050 million, while EBITDA margin increased from 35.2% to 43.8%, respectively.

As of 30 June 2017 the Company’s assets were RUB 54,330 million, total debt was RUB 7,703 million and the net debt was RUB 1,292 million. Since 31 December 2016 the net debt decreased by 63.4%, or by RUB 2,242 million. 

The Company’s financial accounts under Russian Accounting Standards are available at: 

http://www.trcont.com/en/investor-relations/reporting/financial-reports-under-ifrs/