Support The Moscow Times!

Transcontainer, Bashneft: Business in Brief

Transcontainer Reports Q1 Profits Up 18%

Russian rail group Transcontainer reported Monday an 18 percent rise in first-quarter net profit helped by lower costs, while the country's rail container transportation market grew 9 percent.

It expects the market to grow in mid-single-digit percentage rates for the full year and said that increasing levels of competition in the container market may put operator tariffs under pressure.

Net profit for the quarter was 1.3 billion rubles ($37 million), Transcontainer said in a statement. (Reuters)

Bashneft Q1 Profits Rise 16%

Bashneft, a mid-sized Russian oil producer, posted 13.96 billion rubles ($400.5 million) in first-quarter net profit, up 16.4 percent year-on-year, thanks to higher sales and weaker ruble.

The company, part of oil-to-telecom holding Sistema, said its revenues were up 16.8 percent at 146.67 billion rubles. (Reuters)

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysiss and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more