Support The Moscow Times!

Transcontainer Wary of H2

Rail group Transcontainer warned of an uncertain second half of 2012 on Thursday as it reported a quadrupling of full-year profit to 3.8 billion rubles ($129.29 million).

Transcontainer's revenue for 2011 increased 35.2 percent year on year to 30.8 billion rubles. Its profit reached 3.8 billion rubles from 928 million rubles last year.

"Although the company's performance in the first quarter of 2012 remained strong, the market prospects for the second half of 2012 are still hard to predict," the company said in a statement. The company, majority owned by state monopoly Russian Railways, transports goods for a wide range of industries, including autos, consumer goods, metals and paper across Russia's vast rail network.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.