12 Jul 2011 08:31
TRANSCONTAINER OPERATING RESULTS
FOR THE SECOND QUARTER OF 2011 AND THE FIRST HALF OF 2011
Open Joint Stock Company "TransContainer" ("TransContainer" or the "Company") (LSE:TRCN) announces its preliminary operating results for the second quarter of 2011 and for the first half of 2011.
Rail container transportation volumes
The Company's rail container transportation volumes for the second quarter of 2011 increased by 13.9% to 341 thousand twenty-foot equivalent units ("TEU") compared to the second quarter of 2010, mainly due to an increase in export transportation by 15 thousand TEU, or 21.6% and in domestic transportation by 23 thousand TEU, or 13.0%.
Transportation of containers by TransContainer's fleet in 2Q 2011 (ISO Loaded + Empty), 000' TEU
2Q 2010 | 2Q 2011 | Change | ||
000' TEU | % | |||
Domestic Routes | 177 | 200 | 23 | 13.0% |
Export | 67 | 82 | 15 | 21.6% |
Import | 48 | 53 | 5 | 10.5% |
Transit | 7 | 6 | -1 | -13.5% |
All Routes | 299 | 341 | 42 | 13.9% |
The Company's rail container transportation volumes for the first six months of 2011 increased by 18.3% to 654 thousand TEU compared to 553 thousand TEU in the first six months of 2010, mainly due to an increase in import and export transportation. Domestic transportation volumes in the first half of 2011 increased by 13.4% to 379 thousand TEU.
Transportation of containers by TransContainer's fleet in 1H 2011 (ISO Loaded + Empty), 000' TEU
1H 2010 | 1H 2011 | Change | |||
000' TEU | % | ||||
Domestic Routes | 334 | 379 | 45 | 13.4% | |
Export | 126 | 159 | 33 | 26.3% | |
Import | 79 | 104 | 25 | 31.6% | |
Transit | 13 | 12 | -2 | -12.8% | |
All Routes | 553 | 654 | 101 | 18.3% | |
Revenue-generating container transportation* volumes grew by 15.8% to 253 thousand TEU in the second quarter of 2011 as compared to 218 thousand TEU in the second quarter of 2010; for the first six months of 2011 revenue-generating container transportation volumes increased by 21.2% to 483 thousand TEU as compared to 399 thousand TEU for the same period of 2010.
TransContainer's estimated market share is flat at 52% both for the second quarter of 2011 and for the first half of 2011.
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* transportation of client's containers and own loaded containers
Terminal handling
Throughput of the Company's rail container terminal network in the second quarter of 2011 amounted to 416 thousand TEU, an increase of 42 thousand TEU, or 11.3%, compared to 374 thousand TEU in the second quarter of 2010. For the first six months of 2011, the Company's terminal handling volumes amounted to 784 thousand TEU, representing an increase of 94 thousand TEU, or 13.7%, compared to the same period of 2010.
Asset utilisation
The Company's key asset utilisation metrics showed significant improvement in the second quarter of 2011 and for the first six months of 2011:
2Q 2010 | 2Q 2011 | 1H 2010 | 1H 2011 | |
Turnover of containers, days | 21.2 | 21.4 | 22.5 | 21.9 |
Turnover of flatcars, days | 13.7 | 12.4 | 14.8 | 13.0 |
Empty run* for containers, % | 39.6% | 35.2% | 39.9% | 35.7% |
Empty run* for flatcars, % | 9.4% | 8.6% | 9.0% | 8.7% |
* Empty run ratio is calculated as an average empty run in kilometers divided by an average total run in kilometers
Contacts:
Andrey Zhemchugov
Director, Capital Markets and Investor Relations
Phone: +7 (499) 262 8506, e-mail: ir@trcont.ru