Business news from Ukraine

Business news from Ukraine

LVIV LOCOMOTIVE REPAIR PLANT POSTS UAH 10 MLN NET PROFIT IN Q3, 2015

4 November , 2015  

KYIV. Nov 4 (Interfax-Ukraine) – Lviv Locomotive Repair Plant, one of the leading enterprises of Ukrzaliznytsia, in January-September 2015 posted a net profit of UAH 1.8 million against UAH 80,000 for the same period in 2014.

According to a company financial report in the information disclosure system of the National Commission on Securities and the Stock Market, the plant’s net income for the period totaled UAH 174 million, which is 4% up.

The plant in January-September saw a gross profit of UAH 34.5 million, which is 13.5% more than in the same period last year. Operating profit was UAH 5.8 million, which is 53% more as well.

Taking into account the previously announced performance of the plant in January-June, in July-September it posted a net profit of UAH 10.2 million against a net loss of UAH 1.7 million for the third quarter 2014, and the plant doubled its net income to UAH 107 3 million.

Lviv Locomotive Repair Plant repairs electric locomotives, auxiliary electric cars, wheel sets and manufactures spares for rail transport repairs.