RZHD International and National Railway Infrastructure (Bulgaria) signed memo of understanding, the company informed.
The memo stipulates participation in the projects of the new railway building and modernization of railways in Bulgaria and cooperation in the infrastructure projects of third parties.
RZHD International is an RZHD sub. In May 2013 it signed the $941.2mln worth contract on the building of the railway infrastructure with Serbian Railways.
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 2013 net profit (RAS) rallied down 19.07 fold to 740mln rub. from 14.11tril rub. prior year; revenues added 0.77% to gain 1.377tril rub. from 1.366tril rub.; profit from sales being down 12.81% to 58.78bn rub. from 67.415bn rub.; pretax profit - 3.41 fold to 19.399bn rub. from 66.153bn rub.
The 2013 net profit (IAS) rallied down 2.2 fold to 78.262bn rub. from 169.588bn rub.; revenues moved up 4.1% to 1.54tril rub. from 1.479tril rub.; EBITDA dropped 8.9% to 319bn rub. from 350bn rub.; EBITDA margin - 21% from 24%