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2013 September 10   11:29

TransContainer H1 profit up 1.4% to RUB 2.77bn

Net income of JSC TransContainer (under IFRS) for the January-June period rose year-on-year 1.4% to RUB 2.77 billion, the company said in a press release.

Revenues for the period increased by 3.5% to RUB 18.16 billion, the company’s statement said.

TransContainer, a principal subsidiary of Russian Railways (RZD) engaged in the container transportation business, was formed on March 4, 2006 on the basis of a RZD’s arm – Center for Cargo Container Traffic. Today, 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. The Company has 46 private terminals in all major hubs of Russia. Major shareholders of TC are as follows: Russian Railways - 50%+2 shares, FESCO - 23,7%, the European Bank for Reconstruction and Development - 9.25%, MC TransFinGroup - Asset management of pension reserves NPF “Welfare" - 5.1%. In 2012, TransContainer moved 1.48 million TEUs, a 8.9% gain.

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