Net income of Globaltrans Group for the first half of 2011 jumped by 66 percent according to IFRS from the same period a year earlier $ 159.3 million, the Company said.
Adjusted earnings of the Group increased by 48 percent to $ 603.6 million, EBITDA for the six month period surged 52 percent to $ 258 million. Adjusted EBITDA rose 42 percent to $ 256.5 million.
Globaltrans is a private rail freight carrier operating in Russia, Estonia and Ukraine. In 2010, the Group’s traffic grew by 20% to $ 97.4 billion t/km, while net income increased by 86% to $ 225.9 million, adjusted earnings - by 32% to $ 903 million.