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angle-left null PJSC TransContainer reports its Financial Results under Russian Accounting Standards for the nine months of 2017
24.10.2017

PJSC TransContainer reports its Financial Results under Russian Accounting Standards for the nine months of 2017

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

For the reporting period the Company’s net income more than doubled on the year on year basis and amounted to RUB 4,958 million. Net income margin improved from 14,7% for the nine months of 2016 to 25.4% for the reporting period. The Company’s financial position was positively impacted by growing transportation volumes and improved operating efficiency.  

The Company’s revenue for the  nine months of 2017 was RUB 47,937 million, up 30.5% year on year. Adjusted revenue (net of subcontractors’ charges) was up 30.2% year on year and amounted to RUB 19,553 million on the back of a growth in revenue-generating transportation volumes by 24.3%. At the same time the Company’s adjusted operating expenses (net of subcontractors’ charges) grew by 9.9% year on year to RUB 13,546 million.

The Company’s EBITDA surged by 75.6% year on year to RUB 8,812 million from RUB 5,017 million a year earlier. EBITDA margin improved to 41.9% from 32.7% respectively.

As of 30 September 2017 the Company’s assets were RUB 49,999 million, total debt was RUB  6,280 million and the net debt was RUB 1,569 million. Since 31 December 2016 the net debt decreased by almost 60%, or by RUB 2,462 million.

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

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