PJSC TransContainer Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Capital Expenditure Guidance for the Year 2018
For the six months, the company reported total revenue of RUB 35,331 million compared to RUB 30,673 million a year ago. Adjusted revenue of RUB 14,041 million compared to RUB 12,985 million a year ago. EBITDA was RUB 5,888 million compared to RUB 5,192 million a year ago. Profit for the period was RUB 3,191 million compared to RUB 2,836 million a year ago. Net debt was RUB 2,249 million. Capital expenditure for the six months ended 30 June 2018 decreased by 9.4% compared to the same period of 2017 and amounted to RUB 1,426 million, mainly due to manufacturers delaying the delivery of flatcars. Operating profit was RUB 4,386 million compared to RUB 3,375 million a year ago. Profit before income tax was RUB 4,042 million compared to RUB 3,542 million a year ago. Net cash provided by operating activities was RUB 4,868 million compared to RUB 3,497 million a year ago.
The total capital expenditure for 2018 is budgeted at RUB 12.3 billion (excluding VAT), however, the actual amount of capital expenditure is subject to the market conditions. The 2018 CAPEX programme is focused on the acquisition of flatcars and ISO containers and further improvement of the terminal infrastructure.