OREANDA-NEWS. On 23 April 2009 Transgarant Llc reported a 46 % revenues increase up to 5.4 bln rubles in 2008 to a year earlier, according to Russian Accounting Standarts.

Company’s net profit dropped 8 % down to 411 mln rubles, while asset value rose 55 % up to 10 bln rubles.

According to Alexey Grom, Managing Director of “Transgarant”, “the company managed to achieve very good results, considering the circumstances of the last quarter of 2008. Despite overall downturn in the rail market and ruble depreciation, Transgarant showed higher revenues, while net profit dropped only due to credit revaluation. Our company maintains stable operations and fulfills timely and accurately all its credit and leasing commitments”.