TransContainer reports its Financial Results under IFRS for the first quarter of 2018
PJSC “TransContainer” has published its unaudited interim condensed financial statements prepared in accordance with the International Financial Reporting Standards for the first quarter of 2018.
In the reporting quarter, the Company’s net profit grew by 7.5% year-on-year to RUB 1,146 million compared to RUB 1,066 million a year earlier. The net profit margin remained flat at 17.2%.
The Company’s total revenue for reporting quarter amounted to RUB 16,493 million, up 17.3% on year on year. Adjusted revenue (net of subcontractors’ charges) grew by 10.5% year on year to RUB 6,646 million respectively at the back of an increase in profit-making transportation volumes by the Company’s flatcar and container fleet by 5.3%. The EBITDA increased by 9.9% year-on-year to RUB 2,353 million, the adjusted EBITDA margin was 35.4%.
As of 31 March 2018 the Company’s assets amounted to RUB 61,649 million, gross debt was RUB 11,064 million, net debt (gross debt less cash, cash equivalents and short-term investments) amounted to RUB 372 million.
