Transgarant net profit according to RAS for the 1st half of 2011 amounted to 632 million rubles
Firm Transgarant LLC improved financial highlights for the 1st half of 2011 versus the same period of 2010. The revenue according to RAS amounted to 3,224.4 million rubles (a 25% growth compared to the same period of 2010). The cost of sales amounted to 2,165.1 million rubles and increased by 2%.
The net profit of the company amounted to 631.7 million rubles. In the 1st half of 2010 the company had a loss of 212.4 million rubles.
According to Transgarant CFO Alexey Barbariush, a considerable growth of financial results follows the strong demand for transportation services and optimization of operational activities and efficient business of the company management, focused on production, factory burden and financial costs control.