TransContainer reports its Financial Results under Russian Accounting Standards for the Full Year 2016
PJSC TransContainer PJSC TransContainer reports its Financial Results under Russian Accounting Standards (RAS) for full year of 2016.
For the reporting year the Company’s net income increased by 42.2% year on year to RUB 2,631 million. The net income margin grew from 9.1% in 2015 to 12.0% in 2016. The net income growth was impacted by an increase in transportation volumes by the Company’s flatcar and container fleet amid the strong market recovery, by widened range of rail transportation services and by cost control.
The Company’s total revenue under RAS for the year of 2016 amounted to RUB 51,191 million, up 20.9% year on year. Adjusted revenue (total revenue less subcontractors’ fees under the integrated freight forwarding and logistics services) increased by 8.3% year on year to RUB 21,933 million. The Company’s operating expenses, adjusted to subcontractors’ fees, increased just by 3.7%
The Company’s EBITDA grew by 16.3% from RUB 5,576 million in 2015 to RUB 6,487 million for the reporting period.
As of 31 December 2016 the Company’s assets amounted to RUB 47,337 million, gross debt was RUB 9,012 million, net debt (gross debt less cash, cash equivalents and short-term investments) was RUB 4,031 million.
TransContainer’s financial accounts under Russian аccounting Standards are available at.