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angle-left null TransContainer published its results according to Russian Accounting Standarts for the first half period ended 30 June 2017
24.07.2017

TransContainer published its results according to Russian Accounting Standarts for the first half period ended 30 June 2017

PJSC TransContainer reports its Financial Results under Russian Accounting Standards for the first six 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 2,751 million, exceeding the 2016 full year result. Net income margin improved from 13.9% for the first half of 2016 to 22.3% 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 first half of 2017 was RUB 30,450 million, up 30.1% year on year. Adjusted revenue (net of subcontractors’ charges) was up 29.2% year on year and amounted to RUB 12,362 million on the back of a growth in revenue-generating transportation volumes by 23%. At the same time the Company’s adjusted operating expenses (net of subcontractors’ charges) grew just by 12% year on year to RUB 8,974 million.

The Company’s EBITDA surged by 65.8% year on year to RUB 5,180 million from RUB 3,124 million a year earlier. EBITDA margin improved to 41.9% from 32.7% respectively.

As of 30 June 2017 the Company’s assets were RUB 52,408 million, total debt was RUB 7,716 million and the net debt was RUB 1,680 million. Since 31 December 2016 the net debt decreased by almost 60%, or by RUB 2,352 million.

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

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