LVIV LOCOMOTIVE REPAIR PLANT SEES NET INCOME RISE BY 92% IN H1, 2017

Business news from the Ukrainian League of Industrialists and Entrepreneurs

LVIV LOCOMOTIVE REPAIR PLANT SEES NET INCOME RISE BY 92% IN H1, 2017

17 Jul , 2017  

KYIV. July 17 (Interfax-Ukraine) – Lviv Locomotive Repair Plant, one of the leading enterprises of Ukrzaliznytsia, increased its net income by 92.4% in January-June compared to the same period in 2016, to UAH 113.8 million.
According to a quarterly financial report of the enterprise posted in the information disclosure system of the National Commission on Securities and the Stock Market, its net loss for this period increased by 16.5%, to UAH 26.9 million.
In the first half of the year the plant received UAH 600,000 of gross loss against UAH 400,000 a year earlier, while operating loss amounted to UAH 26.9 million against UAH 23 million.
Thus, taking into account the previously announced figures for the first quarter of this year, in the second quarter of this year the plant almost doubled net income compared to the same period in 2016, to UAH 62.9 million, while its net loss decreased by 5%, to UAH 11.7 million.
According to the report, the plant in April-June repaired 204 wheel sets for UAH 16.8 million, 34 traction engines for UAH 7.7 million, and 11 units of auxiliary electric machines for UAH 900,000.