PJSC TransContainer announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2016. For the quarter, the company reported revenue of RUB 13,357 million, operating profit of RUB 1,162 million, profit before income tax of RUB 1,382 million, profit for the period of RUB 1,159 million, ebitda of RUB 2,106 million, adjusted revenue of RUB 5,738 million compared to the revenue of RUB 11,059 million, operating profit of RUB 1,114 million, profit before income tax of RUB 1,130 million, profit for the period of RUB 886 million, ebitda of RUB 1,856 million, adjusted revenue of RUB 5,266 million for the same quarter a year ago.

For the year to date, the company reported revenue of RUB 36,900 million, operating profit of RUB 2,872 million, profit before income tax of RUB 3,150 million, profit for the period of RUB 2,641 million, ebitda of RUB 5,298 million, adjusted revenue of RUB 15,695 million, net debt of RUB 310 million, net cash provided by operating activities of RUB 4,426 million compared to the revenue of RUB 31,065 million, operating profit of RUB 2,557 million, profit before income tax of RUB 2,446 million, profit for the period of RUB 1,925 million, ebitda of RUB 4,660 million, adjusted revenue of RUB 15,153 million, net debt of RUB 3,032 million, net cash provided by operating activities of RUB 3,307 million for the same period a year ago. For the nine month of 2016, capital expenditure increased by RUB 440 million, or 49.7% year-on-year, to RUB 1,326 million from RUB 886 million a year earlier. The majority of the capital expenditure was incurred for the reconstruction and expansion of container terminals in Krasnoyarsk, Yekaterinburg, Irkutsk and Moscow, as well as for the acquisition of ISO containers.

The total capital expenditure in 2016 is budgeted at RUB 3.8 billion (excluding VAT). The rest of the 2016 CAPEX programme is expected to be focused on the acquisition of ISO containers, improvements of the terminal infrastructure and prepayments for acquisition of flatcars.