Transcontainer 2011 Net Surges Fourfold to 3.81 Billion Rubles

OAO Transcontainer, a London-listed rail freight operator, said profit more than quadrupled last year as freight forwarding and container shipping services expanded.

Net income climbed to 3.81 billion rubles from 928 million rubles the previous year, the Russian company said today in a statement.

To contact the reporter on this story: Torrey Clark in Moscow at tclark8@bloomberg.net

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net

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