Ukrzaliznytsia said net profit almost four times

Укрзализныця заявила о росте прибыли почти в четыре раза

Uz captures the profit

The net income of Railways from the sale of products in January-may 2018 amounted to 34.5 billion.

Ukrzaliznytsia in January-may of 2018 received 382,4 million of net income, 3.8 times more than in the same period of 2017. This was reported by press service of the company on Wednesday, June 20.

“For five months of financial results of activities improved compared with the same period of 2017 at RB 282.4 million UAH – in 3.8 times. The financial result before tax 557,7 million UAH, which exceeds the target by 2.4 times, or 324,1 million UAH, and on 343,2 million UAH more than the result of five months of 2017 (2.6 times). The profit of Ukrzaliznytsia for the period amounted to 382,4 million UAH, which is UAH 176,8 million above plan, or 85,9%”, – stated in the message.

The net income of Railways from the sale of products in January-may 2018 amounted to 34.5 billion UAH, while the cost of sales reached 33.5 billion UAH. Revenues from transportation increased by UAH 4.1 bn, or 15%, compared to the same period of 2017 and amounted to UAH 31.6 billion.

Expenditures on transportation in January-may amounted to 31,3 billion UAH, of them from cargo – 22.6 billion UAH, passenger – 8.7 billion UAH.

The turnover of goods (tariff) amounted to 77 952,2 million tkm. The passenger turnover for this period increased by 9% compared to the planned figures and by 5.1% against the same period of 2017 to 11 110.1 million passenger-kilometers.

We will remind, in 2016, the losses of Ukrzaliznytsia amounted to more than 7 billion. But already by the end of 2017, the total loss of the company decreased to 77,24 million.

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