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TransContainer profit up 102pc to US$39 million as sales rise 37pc
RUSSIAN intermodal giant TransContainer third quarter profit increased 102 per cent year on year to RUB2.3 billion (US$39.3 million), drawn on revenues of RUB48.2 billion, up 37 per cent.
This news came amid reports of an Mediterranean Shipping Co (MSC) investment in the Russian Railways-controlled company, reported London's Loadstar.
TransContainer, which is also partially listed on the London Stock Exchange, also reported a 40 per cent increase in imports to 237,500 TEU and a 79.9 per cent rise in transit volumes to 89,400 TEU.
Year to date were up only five per cent to 1.3 million TEU, with domestic liftings recording the weakest growth to 669,000 TEU while exports increased 22.2 per cent to 320,800 TEU year on year.
This news came amid reports of an Mediterranean Shipping Co (MSC) investment in the Russian Railways-controlled company, reported London's Loadstar.
TransContainer, which is also partially listed on the London Stock Exchange, also reported a 40 per cent increase in imports to 237,500 TEU and a 79.9 per cent rise in transit volumes to 89,400 TEU.
Year to date were up only five per cent to 1.3 million TEU, with domestic liftings recording the weakest growth to 669,000 TEU while exports increased 22.2 per cent to 320,800 TEU year on year.
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