JSC «TransContainer» has today published its financial results for three months ended 31 March 2014.
Company’s total revenue for the 1st quarter of 2014 decreased by 1.1% year on year to RUB 8,460 million, mainly due to a change in accounting resulted from a disposal of the 17% stake in JSC KedenTransService in December 2013.
The Company’s EBITDA increased by 6.3% year on year to RUB 2,264 million while profit for the period grew by 18.1% year on year to RUB 1,309 million in the first quarter of 2014.
In terms of profitability, adjusted EBITDA margin in the first quarter of 2014 reached the record level of 46.4% compared to 37.8% for the first quarter of 2013, while the net income margin grew frоm 19.7% to 26.8% respectively.
Company’s total assets were RUR 47,949 million, Company’s equity was RUR 32,691 million as of 31 March 2014.
The TransContainer’s financial results indicators reflect an increase in transportation volumes by the Company’s flatcar fleet, contribution of its subsidiaries and joint ventures as well as continuing Company’s efforts to improve its operational efficiency as well as cost optimization.
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.
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TransContainer posts its RAS net profit of RUB 1.06 bln, up 8.9%, in QI'14>>>>