Net income of TransContainer up 42.2% year-on-year to RUB 2.631 mln
TransContainer reports its financial results under Russian Accounting Standards for the full year 2016.
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 the 12 month of 2015 to 12.0% for the reporting period. The net income growth was impacted by an increase in transportation volumes by the Company’s flatcar and container fleet on the growing container transportation market, as well as by widened range of rail transportation services and by cost control.
The Company’s total revenue under RAS for the 12 months 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 while adjusted operational expences grew only by 3.7%
The Company’s EBITDA grew by 16.3% from RUB 5,576 million in the 12 month of 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.