PJSC "TransContainer" reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the period, the company's revenue was RUB 14,062 million against RUB 11,059 million a year ago. Adjusted revenue was RUB 6,016 million against RUB 4,597 million a year ago. EBITDA was RUB 2,142 million against RUB 1,307 million a year ago. Profit for the period was RUB 1,066 million against RUB 447 million a year ago. Net debt was RUB 2,245 million against RUB 2,703 million a year ago. Operating profit was RUB 1,376 million against RUB 693 million a year ago. Profit before income tax was RUB 1,324 million against RUB 574 million a year ago. Cash flow generated by operating activities increased by RUB 663 million, or 69.1% year-on-year, to RUB 1,622 million for the three months ended 31 March 2017, from RUB 959 million in the previous year, mainly due to a 65.6% year-on-year increase in operating profit before changes in working capital. Capital expenditure increased by RUB 291 million, or 118.8% year-on-year, to RUB 536 million for three months ended 31 March 2017, from RUB 245 million a year earlier. The majority of the capital expenditure was incurred for the acquisition of ISO containers and flatcars.

The total capital expenditure for 2017 is budgeted at RUB 7.9 billion (excluding VAT), however, the actual amount of capital expenditure is subject to the market conditions. The 2017 CAPEX programme is focused on the acquisition of flatcars and ISO containers and further improvement of terminal infrastructure.