PJSC TransContainer reports its Financial Results under IFRS for 6M'2019
PJSC “TransContainer” and its subsidiaries today publishes its reviewed interim condensed consolidated financial statements for the six months ended 30 June 2019, prepared in accordance with the International Financial Reporting Standards (“IFRS”).
For the first six months of 2019 the Group’s net income increased by 90.1% the year on year and amounted to RUB 6,067 million. Net income margin improved from 22.7% for the first half of 2018 to 32.7% respectively.
The total revenue of the Group for the first half of 2019 was RUB 41,472 million, up 17.4% year on year. Adjusted revenue (revenue net of subcontractors’ charges) was up 32.0% year on year and amounted to RUB 18,537 million on the back of a growth in revenue-generating transportation volumes by 11.2% and favourable market conditions. At the same time, adjusted operating expenses (expenses net of subcontractors’ charges) grew just by 11.0% year on year to RUB 11,104 million due to the management’s efforts on cost optimisation. Operating profit of the Group for the first six months of 2019 amounted RUB 7,942 million.
As of 30 June 2019 the Group’s assets were RUB 66,483 million, total debt amounted RUB 11,828 million and was represented primarily by two outstanding Rouble-denominated bond issues .