Globaltrans posts IFRS net profit of RUB 2.34 bln in HI’2016, down 13%, year-on-year

Globaltrans Investment PLC has announced its financial and operational results for the six months ended 30 June 2016.

The Group’s Profit for the period was RUB 2,341 million in the first six months of 2016, down 13% year on year. Profit attributable to owners of the Company increased 11% year on year to RUB 1,583 million. Adjusted Revenue broadly unchanged year on year at RUB 20,613 million. Adjusted EBITDA was RUB 7,648 million, down 9% year on year. 

Globaltrans is a leading private freight rail transportation group with operations in Russia, the CIS and the Baltic countries. The Group’s main business is the provision of freight rail transportation services.