The net profit of the Russian leading railway container operator TransContainer grew by 69.2% in the first half of 2019 as compared to the same period in 2018, and reached RUR 6.13 bln ($97 mio). The revenue grew by 16.5% to RUR 40.6 bln ($635 mio).
This positive trend is caused by a growing shipment volume and favorable market environment, as well as the improvement of operational efficiency, streamlining of empty miles and the leadership’s efforts to control expenses.
TransContainer has more than 25K fitting platforms and 69K multi-tonnage containers. The company has its own 40 terminals in cargo-generating centers of Russia, as well as 19 railway terminals in Kazakhstan; it also manages the Dobra container terminal on the border of Slovakia and Ukraine.
Russian Railways controls 50% plus two shares of TransContainer. Enisey Capital, co-owned by Evraz’s main shareholders, Roman Abramovich and Alexander Abramov, has 24.5% of shares, while VTB owns 24.8% of shares in TransContainer.