Profit of Globaltrans Investment PLC (Globaltrans group) amounted $65 mln in the first half of 2008, having increased by 97% in comparison with the same period of 2007. The operational profit of the company increased by 69% and reached $98.7 mln, Globaltrans informs. The corrected gain of the company grew by 30% in comparison with the first half of 2007 and reached $219 mln.
As it is stressed in the message, the growth of the corrected gain has been mainly caused by a 2% increase of the average quantity rolling stock units under company’s management. Besides, the average cost of freighted shipment increased approximately by 32% resulting from a higher than expected growth of the average adjustable tariff of the Russian Railway for internal transportations and external transportations through seaports by 16% in the first half of 2008.
Since the July 1st, 2008 Russian Railway’s adjustable tariff (for internal transportations and external transportations through seaports) has been increased by 10%. Hence considering the previous growths the average tariff in 2008 has increased approximately by 22%.
Globaltrans is the largest private company in Russia carrying out railway cargo transfers and the second-large operator in the Russian market of railway cargo transportation considering the quantity of rolling stock units. The group renders transport and logistics services, and also a number of additional services for large Russian industrial enterprises and corporate clients in Russia. The company transfers cargoes for customers in Russia and the Ukraine.
As it is stressed in the message, the growth of the corrected gain has been mainly caused by a 2% increase of the average quantity rolling stock units under company’s management. Besides, the average cost of freighted shipment increased approximately by 32% resulting from a higher than expected growth of the average adjustable tariff of the Russian Railway for internal transportations and external transportations through seaports by 16% in the first half of 2008.
Since the July 1st, 2008 Russian Railway’s adjustable tariff (for internal transportations and external transportations through seaports) has been increased by 10%. Hence considering the previous growths the average tariff in 2008 has increased approximately by 22%.
Globaltrans is the largest private company in Russia carrying out railway cargo transfers and the second-large operator in the Russian market of railway cargo transportation considering the quantity of rolling stock units. The group renders transport and logistics services, and also a number of additional services for large Russian industrial enterprises and corporate clients in Russia. The company transfers cargoes for customers in Russia and the Ukraine.