RIA Novosti reported that London listed TransContainer saw its IFRS nine month 2012 net profit grow 42.8% YoY to RUR 4.273 billion (USD 140 million).
Analysts expected the rail cargo operator to post a net profit of RUR 4.38 billion in the first nine months of the year. The company’s revenues increased by 24.5% to RUR 27.353 billion and its operating income grew by 35.3% to RUR 5.943 billion.
TransContainer’s EBITDA grew by 28.6% to RUR 8.218 billion.
The company’s total assets stood at RUR 43.94 billion and its equity at RUR 26.922 billion as of September 30, 2012.
TransContainer said in a statement that “The increase in both the scale and profitability of TransContainer's business resulted mainly from the company’s effective cost management and sales efforts amid continuing growth of the container transportation by the company’s fleet.”
