RAS net profit of TransContainer down 12.4% to RUB 2.35 bln

TransContainer’s net profit  for the first six months of 2013 under Russian Accounting Standards totaled RUB 2.355 bln (-12.4%, year-on-year), TransContainer states.

The Company’s revenues amounted to RUB 15,499 million for the first six months of 2013, which is 3,1 per cent lower than in the same period of 2012.

TransContainer OJSC operates as a subsidiary of Russian Railways OJSC from July 2006. The company owns 46 terminals in Russia’s major freight centres, with its branches covering the entire Russian railway network. The company’s major shareholder is Russian Railways with 50% +2 shares. FESCO holds 23.7%, European Bank for Reconstruction and Development 9.25%, Transfingroup CJSC 5.1%.  In 2012, container transportation by the rolling stock of TransContainer OJSC increased by 8.9% to 1.48 mln TEUs.