TransContainer reports 2018 net profit of RUB 9.509 billion, up 45.5% YoY
PJSC “TransContainer” has published its audited consolidated financial statements prepared in accordance with the International Financial Reporting Standards (“IFRS”) for the full year of 2018.
In the reporting year, net profit of the Group increased by 45.5% on the year on year basis and amounted to RUB 9,509 million. Net income margin improved from 23.5% in 2017 to 30.4% for the reporting period.
The net income was positively impacted by growing transportation volumes by the Group’s fleet, flexible pricing policy, efficient empty runs management, improving labour productivity and one-off sale of an asset.
The total revenue of the Group for the full year of 2018 amounted RUB 76,959 million, up 17.4% year on year. Adjusted revenue (net of subcontractors’ charges) was up 12.6% year on year and amounted to RUB 31,288 million on the back of a growth in revenue-generating transportation volumes by 8.4%. At the same time the Group’s adjusted operating expenses (net of subcontractors’ charges) grew just by 2.7% year on year to RUB 21,215 million. Operating profit of the Group for the full year of 2018 increased by 48.6% year on year to RUB 11,559 million.
As of 31 December 2018 the Group’s assets were RUB 68,112 million, total debt was consisted of two outstanding bond issues and amounted RUB 11,306 million and the net debt was RUB 1,779 million.
