Brief: Globaltrans Sees To Take Opportunistic Approach To Purchase & Lease Of Railcars In Near Term

Globaltrans Investment

08/04/2024 07:15

April 8 (Reuters) - Globaltrans Investment PLC
 GLTRq.L :
    * INTENDS TO TAKE AN OPPORTUNISTIC APPROACH TO PURCHASE AND
LEASE
OF RAILCARS IN NEAR TERM
    * EXTREME WEATHER CONDITIONS AND RAIL NETWORK CONSTRAINTS
IMPACTED
INDUSTRY PERFORMANCE IN Q1 2024
    * BETWEEN 2025 - 2029 GROUP EXPECTS ITS OWNED FLEET
RETIREMENTS TO
AVERAGE ABOUT 3,500 UNITS PER YEAR
    * FAVOURABLE MARKET PRICING PREVAILED IN BOTH KEY SEGMENTS
IN Q1
2024 BUT WITH POTENTIAL FOR VOLATILITY GOING FORWARD
    * FY REVENUE UP 11% TO RUB 104.7 BILLION WITH ADJREVENUE UP
7% RUB
87.4 BILLION
    * PROFIT FOR YEAR ROSE TO RUB 38.6 BILLION

Source text for Eikon:  ID:nRSH5611Ja 
Further company coverage:  GLTRq.L 

 ((Reuters.Briefs@thomsonreuters.com;))