Business news from Ukraine

UKRZALIZNYTSIA PLANS TO INCREASE REVENUE FROM FREIGHT TRAFFIC BY 8% IN Q4

7 December , 2020  

Ukrzaliznytsia plans to receive UAH 17.6 billion in revenue from freight traffic in October-December 2020, which is 7.98% more than in the previous quarter.
This is a record quarterly indicator of financial receipts this year from the main business of the company, Ukrzaliznytsia said.
So, in the first quarter of this year, Ukrzaliznytsia’s income from freight traffic amounted to UAH 16.6 billion, in the second – UAH 14.6 billion, and in the third – UAH 16.3 billion.
“Ukrzaliznytsia will be able to achieve a record level of income in the fourth quarter due to increased efficiency of the company’s operating activities, liquidation of the locomotive shortage, improved dispatching and fruitful cooperation with all participants in the transportation process,” the message says.
The company also clarified that in September 2020, the company’s income from domestic freight rail transportation increased by 6% compared to the same period in 2019 – up to UAH 2.1 billion, and in October – by 3.2% against October 2019 and amounted to UAH 2.2 billion.

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