RAS net profit of Russian Railways for 2017 exceeded RUB 16 billion, the target level being RUB 3 billion, CEO of the company Oleg Belozerov stated in an interview with the Gudok ("Whistle") corporate newspaper.
One of the KPIs, labor productivity, increased by 9.2%.
Earlier, Oleg Belozerov stated that the company's 2018 plan envisaged a RAS net profit of RUB 15 billion.
JSC Russian Railways (tax number: 7708503727) was established on October 1, 2003 on the basis of the Ministry of Railway Communication. The state holds 100% of the company's shares which owns a railway system stretching ca. 85,500 km. The company's authorized capital is RUB 2.212 trillion.
IFRS net profit of JSC Russian Railways for H1 2017 grew by 18.89% to RUB 53.323 billion from RUB 44.851 billion for the same period in 2016. Revenue increased by 4.05% to RUB 1.082 trillion from RUB 1.04 trillion, operating profit (including subsidies) by 34.77% to RUB 118.089 billion from RUB 87.62 billion, pre-tax profit by 17.22% to RUB 77.713 billion from RUB 66.299 billion. EBITDA went up 11.2% to RUB 245 billion from RUB 220 billion, EBITDA margin to 25.4% from 24.5%.
According to AK&M Information Agency's DataCapital information retrieval system, RAS net profit of Russian Railways for 9 months 2017 grew by 61.83% to RUB 54.807 billion from RUB 33.868 billion for the same period in 2016. Revenue increased by 7.16% to RUB 1.254 trillion from RUB 1.171 trillion, sales profit by 30.63% to RUB 133.565 billion from RUB 102.248 billion, pre-tax profit by 41.59% to RUB 85.107 billion from RUB 60.109 billion.
"AK&M", 14.02.2018 11:59