TransContainer profit up 33pc to US$214 million as revenues rises 18pc
RUSSIAN intermodal operator, JSC Transcontainer has posted a full-year pretax profit increase of 33.6 per cent to RUR6.7 billion (US$214 million), drawn on revenues of RUR36.4 billion, up 17.9 per cent.
Transcontainer's intermodal volumes for 2012 increased 8.9 per cent to 1.5 million TEU year on year, according to London's StockMarketWire. Revenue-generating transportation volumes rose 9.8 per cent to 1.1 million TEU.
Terminal handling volumes fell 3.7 per cent, from 1.5 million TEU, to 1.4 million TEU. This was mainly due to a 36.9 per cent decrease in handling of medium-duty containers. Looking ahead, TransContainer said given the weaker demand for rail cargo transportation, higher levels of competition in the container segment may put operator tariffs under pressure.
"As well as looking to continue with its marketing efforts and making improvements to the quality of service, the company's management will also look at its pricing policy as costs are optimised and operating efficiency improves, so that profitability levels achieved in 2012 are maintained," it said.
Management would continue to invest in rolling stock and terminal modernisation as well as opportunistic acquisitions in line with its strategy, subject to changes in the economic environment.
"In the long term we continue to believe that the Russian container transportation market is fundamentally attractive with sustainable growth potential, driven by Russia's economic development, its further involvement in international trade, WTO accession, growth in consumer demand and containerisation," the company said.
RUSSIAN intermodal operator, JSC Transcontainer has posted a full-year pretax profit increase of 33.6 per cent to RUR6.7 billion (US$214 million), drawn on revenues of RUR36.4 billion, up 17.9 per cent.
Transcontainer's intermodal volumes for 2012 increased 8.9 per cent to 1.5 million TEU year on year, according to London's StockMarketWire. Revenue-generating transportation volumes rose 9.8 per cent to 1.1 million TEU.
Terminal handling volumes fell 3.7 per cent, from 1.5 million TEU, to 1.4 million TEU. This was mainly due to a 36.9 per cent decrease in handling of medium-duty containers. Looking ahead, TransContainer said given the weaker demand for rail cargo transportation, higher levels of competition in the container segment may put operator tariffs under pressure.
"As well as looking to continue with its marketing efforts and making improvements to the quality of service, the company's management will also look at its pricing policy as costs are optimised and operating efficiency improves, so that profitability levels achieved in 2012 are maintained," it said.
Management would continue to invest in rolling stock and terminal modernisation as well as opportunistic acquisitions in line with its strategy, subject to changes in the economic environment.
"In the long term we continue to believe that the Russian container transportation market is fundamentally attractive with sustainable growth potential, driven by Russia's economic development, its further involvement in international trade, WTO accession, growth in consumer demand and containerisation," the company said.