“Ukrzaliznytsia (UZ) plans to make a net profit of UAH 7 billion in 2023 after a net loss of UAH 9.6 billion in 2022, acting CEO Yevhen Lyashchenko said at the final meeting of the Ministry of Community Development, Territories and Infrastructure’s team with diplomatic missions and the public in Kyiv on Tuesday.
According to him, in 2023, UZ will receive a record revenue of UAH 99.6 billion over the past five years, UAH 82.1 billion of which will be accounted for by freight transportation, UAH 8.4 billion by passenger transportation, and UAH 9.1 billion by other revenues.
According to the data provided by him, in 2022, UZ’s revenues fell to UAH 75.7 billion from UAH 86 billion in 2021 and UAH 90.4 billion in 2019.
In particular, revenues from freight transportation last year decreased to UAH 63 billion from UAH 72.3 billion a year earlier, passenger transportation – to UAH 5.9 billion from UAH 6.2 billion, and other revenues – to UAH 6.8 billion from UAH 7.5 billion.
Lyashchenko noted that the implementation of measures to optimize operations helped UZ to reach profit in 2023, and 70% of operational purchases by value are already made under direct contracts with manufacturers.
According to the CEO, in particular, since March 2023, UZ has saved more than UAH 1 billion on diesel fuel purchases by adjusting fuel standards and procurement practices.
