Net income of TransContainer in 9M’17 doubled year-on-year to RUB 5.186 mln
For the nine months of 2017 net income of TransContainer has doubled on the year on year basis and amounted to RUB 5,186 million. TransContainer says net income margin improved from 16.8% for the nine months of 2016 to 25.4% for the reporting period.
In the third quarter of 2017 TransContainer’s net income was RUB 2,350 million, up 102.8% year on year. Net income margin grew from 20.2% to 31.6%, respectively.
The Company’s net income was positively impacted by growing transportation volumes by the Company’s fleet, efficient empty runs management and improving labour productivity.
The Company’s total revenue for nine months of 2017 was RUB 48,242 million, up 30.7% year on year. Adjusted revenue (net of subcontractors’ charges) was up 30.1% year on year and amounted to RUB 20,427 million on the back of a growth in revenue-generating transportation volumes by 22.9%. At the same time the Company’s adjusted operating expenses (net of subcontractors’ charges) grew just by 10.2% year on year to RUB 14,697 million. The Company’s EBITDA for nine months of 2017 surged by 68.7% year on year to RUB 8,936 million from RUB 5,298 million a year earlier. EBITDA margin improved to 43.7% from 33.8% respectively.
In the third quarter of 2017 the Company’s total revenue was up 31.5% and amounted to RUB 17,569 million, adjusted revenue increased by 29.7% year on year to RUB 7,442 million on the back of a 22.6% increase in revenue-generating volumes. In the third quarter of 2017 the Company’s EBITDA grew by 77.8% year on year to RUB 3,744 million, while EBITDA margin increased from 36.7% to 50.3%, respectively.
As of 30 September 2017 the Company’s assets were RUB 54,789 million, total debt was RUB 6,267 million and the net debt was RUB 1,217 million. Since 31 December 2016 the net debt decreased by 65.6%, or by RUB 2,317 million.
