JSC “TransContainer” has published its financial results for year ended 31 December 2013.
Company’s total revenue for the year ended 31 December 2013 increased by 7.7% to RUR 39,164 million as compared to the same period of 2012, EBITDA amounted to RUR 10,074 million, down 3.4% year on year, while the profit for the period increased by 14.2% year on year to RUR 5,974 million.
Company’s total assets were RUR 46,976 million, Company’s equity was RUR 31,479 million as of 31 December 2013.
The TransContainer’s key financial indicators reflect primarily the relatively weak operating and pricing environment in the rail container transportation market in Russia amid the overall economic slowdown , which were however compensated by the Company’s efforts to improve its operational efficiency as well as cost optimization. The one-off gain on disposal of a 17% stake in KedenTransService also contributed to the results.
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.