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Net Profits of Ukraine Railways fell

  • Published by Vedat
The net profit of State Railways Administration Ukrzaliznytsia in January-June 2013 amounted to UAH 516.556 million, which is 3.1 times less than in the same period of 2012.

UkrzaliznytsiaRailways' sales revenues for the period decreased by 9.7%, to UAH 23.914 million.

Revenues from freight traffic during the first half of the year declined by 12.3%, to UAH 18.36 billion, whereas those from passenger traffic increased by 6.1%, to UAH 3.214 billion.

Operating profit from cargo traffic in January-June 2013 decreased by 24.4%, to UAH 6.792 billion.

Operating loss from intercity passenger traffic fell by 14.8%, to UAH 569.219 million, while that from commuter traffic increased by 7%, to UAH 1.374 billion.

Operating profit from ancillary activities increased by 18.2%, to UAH 1.747 billion.

Operating profit for the six months decreased by 30%, to UAH 2.31 billion.

In January-June 2013 the sum of bank loans raised by Ukrzaliznytsia amounted to UAH 11.787 billion, and the amount of funds raised from bonds issued was UAH 3.04 billion.

In general, the amount of Ukrzaliznytsia's interest-bearing loans and borrowing in January-June 2013 was UAH 19.093 billion.

Net profit of Ukrzaliznytsia in 2012 decreased by 2.6 times, to UAH 802.76 million.

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