TransContainer IFRS net profit rises 7.7% to 12.7 bln rbl in 2020

MOSCOW, Mar 19 (PRIME) -- The net profit of Russia’s largest private container operator TransContainer increased by 7.7% on the year to 12.659 billion rubles in 2020, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Friday.

Revenue went up 20.1% to 103.497 billion rubles, and earnings before interest, taxes, depreciation, and amortization (EBITDA) gained 13.3% to 22.645 billion rubles. The EBITDA margin from adjusted revenue rose to 55.5% from 52.7%, and the net debt to EBITDA ratio amounted to 2.4x.

Russia’s market of container transportation by railroads increased by 16.3% in 2020 to 5.8 million twenty-foot equivalent units (TEUs). The container traffic under control of TransContainer rose by 17.3% to 2.405 million TEUs.

For further details, see the company’s report on its official website:

https://trcont.com/documents/20143/824060/formatted_TC+IFRS+Cons+2020-e_1803+-+ES+-+upd.pdf/939343e6-9fdd-5098-4927-f6b8c25c8308

(73.6582 rubles – U.S. $1)

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