RAS net profit of TransContainer OJSC down almost 45 times to RUR 28.9 mln in H1 09

In the first half of 2009, net profit of TransContainer OJSC calculated according to Russian Accounting Standards fell almost 45 times to RUR 28.917 mln, the company reports.  TransContainer revenue fell by 14.9% to RUR 7.68 bln.

TransContainer operates as a subsidiary of Russian Railways OJSC from July 2006. The company’s fleet of rolling stock numbers 60,000 large-capacity containers and 23,000 fitting platforms. Russian Railways controls 85% of the company’s shares, EBRD – 9.25%, investment funds Moore Capital Management LLC and GLG Emerging Markets Fund – 2.5% each, Troika Dialog Investments Limited – 0.75%.