TransContainer posts its RAS net profit of RUB 1.06 bln, up 8.9%, in QI'14

For the first three months ended on 31 March 2014 the total revenue of TransContainer increased by 14.4% to RUR 8,415 million, the operating profit increased by 4.0% to RUR 1,236 million and EBITDA grew by 6.9% to RUR 2,171 million compared to the same period of 2013. The Company’s net profit amounted to RUR 1,068 million, representing a 8.09% increase compared to the 1st quarter of 2013.

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 2013, container transportation by the rolling stock of TransContainer OJSC declined by 2% to 1.45 mln TEUs.