Public Joint Stock Company TransContainer reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of RUB 16,493 million compared to RUB 14,062 million a year ago. Operating profit was RUB 1,576 million compared to RUB 1,376 million a year ago. Profit before income tax was RUB 1,450 million compared to RUB 1,324 million a year ago. Profit for the period was RUB 1,146 million compared to RUB 1,066 million a year ago. Total adjusted revenue was RUB 6,646 million compared to RUB 6,016 million a year ago. Net cash provided by operating activities was RUB 1,805 million compared to RUB 1,622 million a year ago. Capital expenditure decreased by RUB 158 million, or 29.5% year-on-year, to RUB 378 million for three months ended 31 March 2018, from RUB 536 million a year earlier. The majority of the capital expenditure was incurred for the acquisition of ISO containers and flatcars. EBITDA was RUB 2,353 million compared to RUB 2,142 million a year ago. Net debt as at March 31, 2018 was RUB 372 million compared to RUB 2,245 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 terminal infrastructure.