PJSC TransContainer Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2017; Provides Capex Guidance for the Year 2017
For the nine months, the company reported total revenue was RUB 48,242 million compared to RUB 36,900 million a year ago. Adjusted revenue was RUB 20,427 million compared to RUB 15,695 million a year ago. EBITDA was RUB 8,936 million compared to RUB 5,298 million a year ago. Profit for the period was RUB 5,186 million compared to RUB 2,641 million a year ago. Interest income was RUB 247 million compared to RUB 190 million a year ago. Operating profit was RUB 6,175 million compared to RUB 2,872 million a year ago. Profit before income tax was RUB 6,468 million compared to RUB 3,150 million a year ago. Net cash provided by operating activities was RUB 5,949 million compared to RUB 4,426 million a year ago. Capital expenditure increased by RUB 2,157 million, or by 162.7% year-on-year, to RUB 3,483 million in the nine months of 2017 from RUB 1,326 million in the corresponding period of 2016. As at 30 September 2017, the Company's total debt was RUB 6,267 million with net debt of only RUB 1,217 million.
The total capital expenditure for 2017 is budgeted at RUB 10.8 billion (excluding VAT and log-term financial investments). The 2017 CAPEX programme is focused on the acquisition of flatcars and ISO containers and further improvement of terminal infrastructure.