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Globaltrans profits up 40%

By BFN News | 08:51 AM | Thursday 12 April, 2012


Russia rail freight transport group Globaltrans unveils outstanding financial results and an excellent operational performance for 2011. Adjusted revenue increased 30% year-on-year to $1,177.0m supported by increased freight rail turnover and robust pricing. Earnings before interest, tax, depreciation and amortisation rose 31% year-on-year to $505.6m while adjusted EBITDA increased 29% to $505.1m. Profit for the year increased 40% year-on-year to $317.2m and earnings per share rose 50% to $1.68 per share. Net debt decreased 32% to $258.4m and the board has recommended a dividend of $98.9m (64c per ordinary share) compared to the $58.5m (37c per ordinary share) paid for 2010. Story provided by StockMarketWire.com