In the first quarter of 2009, net profit of TransContainer under Russian Accounting Standard fell almost 61 times to RUR 9.654 mln, the company states.
The company attributes the fall to the following factors: negative impact of the economic crisis on container traffic amidst seasonal decrease of container turnover; considerable share of fixed costs; increase of non-load run due to alteration of order geography amidst the global crisis; single increase of costs related to execution of the offer on 01 series bonds in March 2009.
In the first quarter of 2008, RAS net profit of TransContainer amounted to RUR 587.9 mln.
TransContainer JSC operates as a subsidiary of Russian Railways OJSC from July 2006. The company owns 47 terminals in Russia’s major freight centres, with its 17 branches covering the entire Russian railway network. Furthermore, TransContainer is the largest owner of specialized rolling stock in Russia, the CIS countries, and the Baltics: it has more than 24,000 fitting platforms and more than 53,000 large-capacity containers.
The company attributes the fall to the following factors: negative impact of the economic crisis on container traffic amidst seasonal decrease of container turnover; considerable share of fixed costs; increase of non-load run due to alteration of order geography amidst the global crisis; single increase of costs related to execution of the offer on 01 series bonds in March 2009.
In the first quarter of 2008, RAS net profit of TransContainer amounted to RUR 587.9 mln.
TransContainer JSC operates as a subsidiary of Russian Railways OJSC from July 2006. The company owns 47 terminals in Russia’s major freight centres, with its 17 branches covering the entire Russian railway network. Furthermore, TransContainer is the largest owner of specialized rolling stock in Russia, the CIS countries, and the Baltics: it has more than 24,000 fitting platforms and more than 53,000 large-capacity containers.