Russian Railways BOD (RZHD) recommended the holders to approve the non-payment of the 2012-dividends at the annual meeting, the company informed.
705.5mln rub. are assumed to be invested in the reserve fund (5% of net profit); 13.404bn rub. (95%) being retained and used to realize the projects.
Russian Railways (TIN 7708503727) was set up in 2003 on the basis of the communications ministry. 100% are held by the state; the network covers 85.5ths km.
The IH 2012 net profit (IAS) at RZHD moved up 11% to reach 74bn rub. from 67bn rub. prior year. The revenues added 5% to come to 745bn rub. against 710bn rub. prior year; the operating profit gained 86bn rub. vs. 69bn rub.
prior year period. EBITDA added 13% to come to 211bn rub.; EBITDA margin reached 28% from 26%). The capital investments increased 11% to gain 215bn rub. vs. 194bn rub.
The IH 2013 net profit rallied down 4.3 fold (RAS) to 8.238bn rub. from 35.791bn rub. prior year; revenues added 0.2% to gain 678.038bn rub. from 676.754bn rub