Russian rail group Transcontainer warned of an uncertain 2012 as it reported a quadrupling of nine month profit to just under 3 billion roubles ($94.70 million).

"Due to the global economic environment market prospects remain rather uncertain for 2012," said the company, majority owned by state rail monopoly Russian Railways.

The company transports goods for a wide range of industries including autos, consumer goods, metals and paper across Russia's vast rail network.

Russian Railways has permission from the government to sell a controlling stake in Transcontainer as part a long term plan to raise cash for new infrastructure, but asked last year if it could postpone the sale due to poor market conditions.

The state monopoly raised $400 million from a London IPO of Transcontainer in November 2010.

Transcontainer said total revenue increased by 33.4 percent in the nine months to end September to 22 billion roubles, while adding that it was confident of producing strong full year results. (Reuters)