" TransContainer " for 9 months of reduced net profit under IFRS by 29%
The net profit of Russia's leading rail container operator JSC " TransContainer " IFRS in January-September 2014 decreased by 29, 3% comparing with the same period last year and amounted to 3, 301 billion, said the Company on the last working day of the week.
Revenue " TransContainer " for the period decreased by 6, 3% and amounted to 26, 984 billion. For example, in the 3rd quarter Revenues decreased by eleven, 1% to 9 450 billion rubles. EBITDA for the 9 months decreased by 18, 2% to 6, 409 billion.
" Financial performance of JSC " TransContainer " for the third quarter and 9 months of 2014 reflect unfavorable price situation on the market of container transportation due to the ongoing slowdown in the pace of economic improvement. On the dynamics of financial indicators of JSC " TransContainer " was Also affected by the de-consolidation of results of JSC " Kedentransservice " that occurred in the 4th quarter of 2013 ", - explained in the report.
The Firm emphasizes that in difficult economic conditions, efforts were made to maintain the profitability of the business: adjusted EBITDA margin for the first 9 months in practice has not changed in comparison with the same period of 2013 and amounted to 41, 6%, the net profit margin remained above 20% and 21.4%.
PJSC " TransContainer " has 46 private terminals in all major freight centers of Russia. The Firm also operates the container terminal " Good ", located on the border of Slovakia and Ukraine, and controls 50% of Kedentransservice JSC is the leading private operator network rail terminals in the Republic of Kazakhstan. Owned by TransContainer is more than 26 thousand fitting platforms and more than 62 thousand large containers.
The Railways gave owns 50% plus two shares stake in TransContainer in the United transport and logistics company of the Customs Union