Business news from Ukraine

KYIV ELECTRIC CAR REPAIR PLANT POSTS UAH 11 MLN LOSS, REDUCES REVENUE BY 41% IN Q1 2022

14 May , 2022  

JSC Kyiv Electric Car Repair Plant, part of the structure of Ukrzaliznytsia, in January-March 2022 received a net loss of UAH 10.96 million against a net profit of UAH 2.61 million for the same period in 2021.
According to the interim financial report of the enterprise, published in the information disclosure system of the National Securities and Stock Market Commission, its net income in the first quarter decreased by 40.7% – to UAH 77.37 million.
The plant received a gross loss of UAH 3.37 million (against a profit of UAH 6.74 million a year earlier), almost UAH 10 million of loss was received from operating activities.
According to the plant, in the first quarter of this year, it sold five repaired electrical sections for UAH 75.63 million (in January-March 2021 – nine sections for UAH 118.5 million), two wheel sets and three electric machines (a year earlier – one pair and 108 electric machines).
Kyiv Electric Car Repair Plant was founded in 1868 as a workshop for the repair of steam locomotives and wagons. It specializes in the overhaul of electric trains for the railways of Ukraine, the repair of components and assemblies, electric machines, electric motors and wheelsets, the manufacture of spare parts.

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