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angle-left null OJSC TransContainer reported its 2011 IFRS results
26.04.2012

OJSC TransContainer reported its 2011 IFRS results

Revenue for 2011 amounted to RUB 30,876 million, which is 35.2 per cent higher than for 2010. Operating Income for the period grew 2.7 times to RUB 5,735 million. EBITDA almost doubled to RUB 8,448 million.

Net Income for the reporting year hiked 4.1 times to reach RUB 3,843 million.

Company’s total assets were RUB 41,746 million as of 31 December 2011.

TransContainer’s financial results were driven by growth in volumes of Company’s operations, favourable market environment and measures taken by the management to enhance business efficiency. Particularly, container empty run ratio decreased from 39% in 2010 to 34% in 2011.

Company’s 2011 container transportation volumes amounted to 1,362 thousand TEU, up 13.3 percent year on year. Compamy’s container terminals in Russia handled 1,577 thousand TEU in total (4.8 per cent year on year growth) for the reporting period. Of this amount, ISO containers handling volume was 1,381 thousand TEU, a 14.4 per cent increase year on year. Since 2011, TransContainer’s IFRS accounts consolidate also financial results of JSC KedentransService.