21 Jul 2010 19:29


MOSCOW. July 21 (Interfax) - OJSC Transcontainer, a subsidiary of OJSC Russian Railways (RZD) saw its net profit according to Russian accounting standards (RAS) came to 67.6 million rubles in the first half of 2010.

The operator's sales revenue went up by 27% to 9.7 billion rubles while sales profit increased by 28% to 823 million rubles.

The company's short-term debt edged up by 2 million rubles to each 4.3 billion rubles by the end of June while long-term debt went up by 30% to 6.5 billion rubles.

Total transport in the first half of 2010 increased by 1.4% to 552,400 TEU (the equivalent of a 20 foot container). AT the same time, cargo transport during the company's owning platform cars in the second quarter went up by 17.9% in comparison with the first quarter.

Transcontainer's terminals in the first half of 2010 handled 727,000 TEU, which was a year-on-year increase of 6.7%.

The company's RAS net profit came to 22.1 million rubles in 2009.

TransContainer operates with heavy containers and fitted platforms to carry them. RZD owns 85% of its shares. The European Bank for Reconstruction and Development (EBRD) holds 9.25% of TransContainer shares, Moore Capital Management LLC and GLG Emerging Markets Fund - 2.5% and Troika Dialog Investments Ltd - 0.75%.