KYIV. Aug 2 (Interfax-Ukraine) – Net consolidated profit of public joint-stock company Ukrzaliznytsia in H1 2017 under international financial reporting standards (IFRS) was UAH 122.5 million, while a year ago net loss of around UAH 3.78 billion was seen, Ukrzaliznytsia Board Chairman Wojciech Balczun has said.
Revenue grew by UAH 5.6 billion or 17.6%, reaching UAH 35.3 billion, while expenses rose by 4.7% or UAH 1.7 billion, he wrote on his Facebook page on Wednesday.
Balczun said that capital investment soared by 180%, to UAH 3.4 billion. He said that UAH 1 billion was sent to modernize key assets, UAH 1 billion to major construction works, UAH 750 million to buy key assets and UAH 400 million to overhauls.
He said that freight flow in H1 2017 increased by 6.1%, to 94.9 billion tonne-kilometers, including a rise of 7.5% in transit transportation, to 732 million tonne-kilometers. He said that passenger traffic expanded by 6.9%, to 13.8 billion.
According to the report, the operating wagon fleet grew by 13,600 on average a day or 11.6%, while the total locomotive fleet grew by 68 units in June 2017 or 3.8%. This allowed boosting average daily loading by 1,358 wagons or 13.3%.
