Last checked at 20 Oct 2008 10:13
For Immediate Release 20 October 2008
Globaltrans reports its short term borrowings repayment profile
Globaltrans Investment PLC ("Globaltrans" or together with its consolidated subsidiaries the "Group"), Russia's largest privately owned freight rail operator, subsequent to the 1H 2008 operating and financial results announced on September 15th, 2008, today reports its short term borrowings repayment profile for the period of 4Q 2008 -3Q 2009:
| as of 30-Sep-2008 USD mln | |
| Cash and cash equivalents | 99 |
| Total debt | 386 |
| Long term borrowings | 248 |
| Short term borrowings | 138 |
| Short term borrowings repayment schedule: | |
| in 4Q 2008 | 53 |
| in 1Q 2009 | 36 |
| in 2Q 2009 | 26 |
| in 3Q 2009 | 23 |
Notes: Information presented in the short term borrowings repayment profile is based on Globaltrans' management accounts and converted into US Dollars using the official exchange rate of the Central Bank of the Russian Federation as of September 30th, 2008.
ENQUIRIES
Globaltrans Investor Relations +357 25 503 153
Priit Pedaja
Mikhail Perestyuk
Citigate Dewe Rogerson +44 20 7638 9571
David Westover
Agnes Riousse
NOTES TO EDITORS
Globaltrans is the Russia's largest privately owned freight rail operator by number of rolling stock operated. Globaltrans provides freight rail transport and logistics services with over 25,000 destinations covering every major industrial region in Russia and part of Ukraine. Globaltrans' regional network encompasses 10 branch offices. The Globaltrans' key customers are large industrial blue chip companies from the key sectors of the Russian economy.
Globaltrans is the only public company in the Russian railway sector. In May 2008, Globaltrans was listed on the London Stock Exchange (LSE) with a free-float of c. 30%. For more information on the company, please visit the website: www.globaltrans.com
LEGAL DISCLAIMER
Some of the information in this document may contain projections or other forward-looking statements regarding future events or the future financial performance of Globaltrans. You can identify forward-looking statements by terms such as expect, believe, anticipate, estimate, intend, will, could, may or might and the negative of such terms or other similar expressions. Globaltrans wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Globaltrans does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries in which Globaltrans operates, as well as many other risks specifically related to Globaltrans and its operations.