Net profit of the SG-trans group (part of Sistema JSFC) for H1 2014 decreased by 36.57% to RUB 314 million from RUB 495 million for the same period in 2013, the company reported.
Revenue increased by 5.99% to RUB 10.258 billion from RUB 9.678 billion, EBITDA by 27.01% to RUB 2.84 billion from RUB 2.236 billion, EBITDA margin to 28% compared with 23% the year before. Net debt decreased to RUB 23 billion from RUB 28 billion at the start of the year.
As a result of the asset consolidation completed on January 13, 2014 and the purchase of new rolling stock units SG-trans developed into a universal provider of freight rail transportation services managing more of 35,000 rail freight cars by the end of the accounting period.
OJSC SG-trans (tax number: 7740000100) transports cargoes in tank cars, gondola cars, on flat cars, and in tank containers. The operator managing about 35,000 rail cars is active in the Russian market, delivers cargoes to Europe, the CIS and FSU countries. According to the State Certification Register of for the Federal Railway Transportation System of the Russian Federation, the enterprise is certified to provide the whole range of transport and forwarding services to its customers.
The SG-trans group is owned on a parity basis by Sistema JSFC and Unirail Holdings Ltd.
According to the DataCapital information retrieval system, net profit of the SG-trans group for 2013 increased 2.78 times to RUB 878 million from RUB 316 million the year before. Revenue increased by 46.08% to RUB 20.119 billion from RUB 13.773 billion, EBITDA by 52.37% to RUB 6.04 billion from RUB 3.964 billion, EBITDA margin by 1 p.p. to 30% from 29% in 2012. Net debt went up 2.62 times to RUB 28 billion from RUB 10.7 billion