The net profit of Russia's leading rail container operator TransContainer under IFRS in the first half fell in 2 times in comparison with the same period last year and amounted to 1, 04 billion rubles, follows from the message of the organization.

"Net income of the organization for the first half of 2015 $ 1 billion 39 million rubles compared with 2 billion 79 million rubles the year before," according to the report of the organization on the last working day of the week. So, this Indicator has decreased in 2 times.

Revenue in TransContainer in accordance with IFRS for the first half increased by 14, 1% 20, 006 billion. Revenue, adjusted for the Cost of services of subcontractors decreased by 1, 8% to 9, 887 billion. EBITDA for the six months decreased by 31, 7% to 2, 804 billion.

"on the dynamics of financial indicators of PJSC "TransContainer" the adverse impact of the deepening recession on the Russian market of railway container transportation: in the 2nd quarter of 2015, the market decreased by 11% compared to the same quarter of 2014, and at the same time, the rate of decline in the 1st quarter amounted to 4, 7%, " says the Firm.

The operator stresses that, despite the unfavorable market rules, the Company has ensured the profitability of the business against the background of increasing market share, significantly reduced debt burden and continued to generate positive and growing free cash flow, which increased by 57, 3% and amounted to 1, 230 billion. Net debt in TransContainer (net of cash and cash equivalents and short-term investments) amounted to $ 2, 904 billion (a decline of 41, 4%).

TransContainer has 46 own terminals in Russia, manages container terminal "Good" on the border of Slovakia and Ukraine, controls 50% "Kedentransservice" in Kazakhstan. United transport and logistics organizations of countries of the Customs Union owns 50% in TransContainer, FESCO (part of the group "the Sum" ), - 24, 1%, EBRD - 9, 25%, UK " Transfingroup ", the Trustee of the pension reserves NPF " Welfare ", - 10, 29%.

sections: Politics