Press Releases
PJSC TransContainer reports its financial results under Russian Accounting Standards (RAS) for the first nine months of 2015. Company’s financial position was affected by continued decline in the Russian rail container transportation market amid the deteriorating economic environment: in the third quarter of 2015 the rail container transportation market declined by 10.8% year on year followed by the drop by 11.0% in the second quarter of 2015.
Despite the challenging market environment, during the reporting period the Company managed to ensure business profitability and improve its market share.
For the first nine months of 2015 the total revenue of the Company increased by 15.1% year on year to RUB 30,894 million, while the adjusted revenue (total revenue less subcontractors’ fees under the integrated freight forwarding and logistics services) decreased by 1.1% to RUB 15,214 million respectively. Operating profit decreased by 41.6% to RUB 2,143 million. EBITDA contracted to RUB 4,310 million from RUB 6,320 million for the corresponding period of 2014 while the Company’s net profit decreased to RUB 1,477 million from RUB 3,052 million respectively. Hence in the 3rd quarter of 2015 the Company earned RUB 785 million of the net profit while for the first six months of the 2015 the net income was just of RUB 692 million.
Company’s total assets were RUB 44,094 million as of 30 September 2015 while the total debt was RUB 5,070 million. The net debt (the total debt less cash, cash equivalents and short-term investments) was RUB 2,656 million, down 37.8% as compared to the net debt amount as of 31 December 2014.
Company’s transportation volumes during the reporting period decreased by 5.3% to 1,035 thousand TEU, while its market share increased to 47.3% from 45.5% for the corresponding period of 2014.
TransContainer’s financial accounts for the first nine months of 2015 under Russian Аccounting Standards are available at
https://trcont.com/investor-relations/reporting/financial-reports-under-ras
