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Globaltrans 2012 net profit down 2%
Russian freight firm Globaltrans Investment posted $311.6 million in 2012 net profit, down 2 percent from a year ago due to an increase in finance costs, the company said in a statement.A Reuters poll of analysts expected it to post $316.6 million in net profit, flat year-on-year due to an increase in its debt.
The company said its net debt rose to $896.9 million by year-end from $258.4 million as of end-2011 as it borrowed to finance acquisitions of Ferrotrans and a number of railcars. (Reuters)
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