Russia’s Nuclear Lighter Carrier to Transport Fish

TransContainer Posts 90% Net Profit Growth

  • TransContainer has published its reviewed interim condensed consolidated financial statements for H1 2019 in accordance with the International Financial Reporting Standards.

    The total revenue of the company for the six months of 2019 increased by 17.4% year-on-year up to 41,472 mn rubles. Adjusted revenue grew by 32% up to 18,537 mn rubles, largely as a result of an 11.2% increase in revenue-generating container transportation volumes.

    Adjusted operating expenses for the first half of 2019 were up 11% year-on-year to 11,104 mn rubles.

    Operating profit totaled 7,942 mn rubles, net profit grew by 90.1% year-on-year up to 6,067 mn rubles.

    As of 30 June 2019, the company’s assets stood at 66,483 mn rubles, the total debt, primarily represented by two outstanding ruble-denominated bond issues, amounted to 11,828 mn rubles.

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