TransContainer reports its Financial Results under Russian Accounting Standards for QI’2016

TransContainer says its net profit increased 1.8% year-on-year to RUB 527 million. If compared with 4^th quarter of 2015 the net profit was up by 41.2%. The net profit margin  increased from 10.1% in the 1^st quarter of 2015 to 11.5% in the reporting period.

The total revenue of the Company from January to March 2016  increased by 10.0% year on year to RUB 10,980 million, while the adjusted revenue (total revenue less subcontractors’ fees under the integrated freight forwarding and logistics services) decreased by 10.1% year on year to RUB 4,592 million on the back of a 9.7% decrease in transportation volumes. Adjusted operating expenses decreased by RUB 329 million or by 7.7% on year-on-year basis. The EBITDA in the reporting period totaled RUB 1,429 million compared to RUB 1,510 million in the first three month of 2015.

Company’s total assets were RUB 45,505 million as of 31 March 2016 while the total debt was RUB 5,071 million. The net debt (the total debt less cash, cash equivalents and short-term investments) was RUB 2,429 million, down 28.4% as compared to the net debt as of 31 December 2015.