TransConainer’s net income in HI’18 increased by 12.5% Y-o-Y to RUB 3,19 million
PJSC TransContainer reports its Financial Results under IFRS for the second quarter and the first six months of 2018.
For the first six months of 2018 the Company’s net income increased by 12.5% the year on year and amounted to RUB 3,191 million. Net income margin improved from 21.8% for the first half of 2017 to 22.7% for the reporting period.
In the second quarter of 2018 TransContainer’s net income was RUB 1,947 million, up 10.0% year on year. Net income margin grew from 25.4% to 26.3%, respectively.
The Company’s net income was positively impacted by growing transportation volumes by the Company’s fleet, flexible pricing policy, efficient empty runs management and improving labour productivity.
The Company’s total revenue for the first half of 2018 was RUB 35,331 million, up 15.2% year on year. Adjusted revenue (net of subcontractors’ charges) was up 8.1% year on year and amounted to RUB 14,041 million on the back of a growth in revenue-generating transportation volumes by 6.3%. At the same time the Company’s adjusted operating expenses (net of subcontractors’ charges) grew just by 1.7% year on year to RUB 10,000 million. The Company’s EBITDA for the first six months of 2018 increased by 13.4% year on year to RUB 5,888 million from RUB 3,191 million a year earlier. EBITDA margin improved to 41.9% from 40.0% respectively.
In the second quarter of 2018 the Company’s total revenue was up 13.4% and amounted to RUB 18,838 million, adjusted revenue increased by 6.1% year on year to RUB 7,395 million driven by an increase in revenue-generating volumes by 7.1%. At the same time EBITDA grew by 13.2% to RUB 3,454 million, while EBITDA margin increased from 43.8% to 46.7%, respectively.
As of 30 June 2018 the Company’s assets were RUB 59,609 million, total debt was RUB 11,299 million and the net debt was RUB 2,249 million.
