Menu

Lithuanian Railways' net profit slumps in 2015

  • Published by Ozgur Tore

Lithuanian RailwaysLithuanian Railways saw its consolidated net profits slump down to 5.076 million euros in 2015, from 19.376 million euros in 2014.

Consolidated revenue fell by 8.4% to 431.067 million euros, the state railway operator said in its 2015 performance report.

"The decline in revenue was mostly due to falling freight transportation and ancillary service volumes. A decrease in shipments in the Kaliningrad direction alone brought the company's revenue down by 11.7 million euros," it said.

The state railway operator ast year handled 48.05 million tons of freight, down 1.9% from 49 million tons in 2014. Passenger numbers fell by 7.7% to 4.2 million.

EBITDA dropped by 12.4% in 2015 from 2014 to 119.3 million euros.

Advertisement

Destinations

Spend a Romantic Weekend in Tallinn, Estonia

Spend a Romantic Weekend in Tallinn, Estonia

Beginning of December 2016, me and my wife visited Tallinn, the capital of Estonia, and if you are searching for a romantic weekend, then you should consider Tallinn. The Estonian capital offers tra...

Best of Greek Islands with Celestyal Cruises

Best of Greek Islands with Celestyal Cruises

In Summer 2016, I had chance to sail to Greek Islands with the Celestyal Cruises. In an organization with Karavan Cruises, travelers enjoyed best of Greek islands with Celestyal and received a compl...

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

ftnNEWS would like to present you a unique vacation idea here in Turkey: Cappadocia Region. Located on the central Anatolia plateau within a volcanic landscape sculpted by erosion to form a successi...