TransContainer’s net income in 2017 more than doubled Y-o-Y to RUB 5.42 million
PJSC TransContainer announces today its financial results under Russian Accounting Standards (RAS) for the full year of 2017.
In 2017 TransContainer’s net income more than doubled as compared to the previous year and reached the record high of RUB 5,42 million. Net income margin grew from 12.6% in 2016 to 20.5% in 2017, respectively. The Company’s net income was positively impacted by growing transportation volumes by the Company’s fleet, efficient empty runs management and improving labour productivity.
The Company’s total revenue for the year of 2017 was RUB 65,170 million, up 27.3% year on year. Adjusted revenue (net of subcontractors’ charges) was up 26.4% year on year and amounted to RUB 26,450 million on the back of a growth in revenue-generating transportation volumes by 19.5%. At the same time the Company’s adjusted operating expenses (net of subcontractors’ charges) grew just by 9.5% year on year to RUB 19,000 million. The Company’s EBITDA surged by 60.9% year on year to RUB 10,440 million from RUB 6,487 million a year earlier. EBITDA margin improved to 39.5% from 31.0% respectively.
As of 31 December 2017 the Company’s assets were RUB 51,729 million, total debt was RUB 6,425 million and the net debt was RUB 2,780 million.