TransContainer’s net income increased more than 2.3 times to RUB 1,237 million

PJSC TransContainer reports its Financial Results under Russian Accounting Standards (RAS) for the 1^st quarter of 2017.

For the reporting quarter the Company’s key financial metrics significantly improved on the back of the continuing Russian rail container market growth and the Company’s measures aimed at the further business improvement.

TransContainer’s net income increased more than 2.3 times to RUB 1,237 million compared to RUB 527 million a year earlier.  As compared to the 4^th quarter of 2016, net income more than tripled. Net income margin for the reporting period improved to 21.4% from 12.0% in the 1^st quarter of 2016.

The Company’s total revenue for the three month ended 31 March 2017 amounted to RUB 13,922 million, up 26.8% year on year. Adjusted revenue (net of subcontractors’ charges) was up 31.9% year on year and amounted to RUB 5,788 million. The Company’s EBITDA increased to RUB 2,364 million from RUB 1,429 a year earlier. EBITDA margin improved to 40.8% from 32.6% respectively.

As of 31 March 2017 the Company’s assets were RUB 47,763 million, total debt was RUB 7,546 million. Since 31 December 20156 net debt decreased by 40.2% to RUB 2,411 million.