TransContainer doubles half-year profit to RUB to 2.74bn

TransContainer posted for the first half of 2012 net income (according to IFRS) of RUB 2.74 billion, nearly a twofold surge year-on-year, the company said.

Revenues of TransContainer for the period increased by 27.3% to RUB 17.57 billion. EBITDA jumped 54.1% from H1 2011, to RUB 5.3bn.

TransContainer, a subsidiary of the state-owned Russian Railways (RZD), was formed on March 4, 2006 on the basis of a RZD’s arm – Center for Cargo Container Traffic. TransContainer is a leading rail container operator in Russia, providing a broad range of services for container shipments and logistics services. The company operates the largest rail car fleet in Russia, CIS and Baltic countries: more than 25.500 flatcars, some 60.000 containers of various sizes and over 840 units of trucks, tractor-trailers, etc.