PJSC TransContainer reports its Financial Results under Russian Accounting Standards for the first six months of 2018
PJSC TransContainer reports its Financial Results under Russian Accounting Standards for the first six months of 2018.
For the reporting period the Company’s net income increased by 31.8% year on year and amounted to RUB 3,626 million. Net income margin improved from 22.3% for the first half of 2017 to 26.2% 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 2018 was RUB 34,867 million, up 14.5% year on year. Adjusted revenue (net of subcontractors’ charges) was up 12.1% year on year and amounted to RUB 13,854 million on the back of a growth in revenue-generating transportation volumes by 6.3%. At the same time the Company’s adjusted operating expenses (net of subcontractors’ charges) grew by 6.9% year on year to RUB 9,593 million.
The Company’s EBITDA surged by 23.7% year on year to RUB 6,410 million from RUB 5,180 million a year earlier. EBITDA margin improved to 46.3% from 41.9% respectively.
The Company’s financial results in the first half of 2018 were positively impacted by an increase in revenue-generating transportation volumes, flexible tariff policy, continuing empty runs optimisation and cost control.
As of 30 June 2018 the Company’s assets were RUB 56,021 million, total debt was RUB 11,321 million and the net debt was RUB 2,956 million.
The Company’s financial accounts under Russian Accounting Standards are available at: