In 2017, JSC Russian Railways increased grain handling by 16.4% year-on-year to approximately 22.1 million tonnes, the company's press service informed.
Approximately 12.5 million tonnes of grain were exported (+40.5%).
Stavropol Krai (more than 3.5 million tonnes, +11.9%), Krasnodar Krai (about 2.1 million tonnes, +4.8%), Kursk region (1.6 million tonnes, +37.4%) took the lead in grain shipments.
It should be recalled that to attract additional cargo volumes, the management board of JSC Russian Railways decided to apply a reduction factor of 0.897 (implying a discount of 10.3%) to tariffs for grain exports from the stations in Kursk, Lipetsk, Penza, Samara, Ulyanovsk and Kurgan regions via Russian ports in own rolling stock units and containers, according to the press service of Russian Railways.
The discount applies to wheat, rye, oats, barley, corn, rice, buckwheat, broad beans, peas, common beans and other grain cargoes. The reduction factor will be effective through June 30, 2018.
JSC Russian Railways (tax number: 7708503727) was established on October 1, 2003 on the basis of the Ministry of Railway Communication. The state holds 100% of the company's shares which owns a railway system stretching ca. 85,500 km. The company's authorized capital is RUB 2.212 trillion.
IFRS net profit of JSC Russian Railways for H1 2017 grew by 18.89% to RUB 53.323 billion from RUB 44.851 billion for the same period in 2016. Revenue increased by 4.05% to RUB 1.082 trillion from RUB 1.04 trillion, operating profit (including subsidies) by 34.77% to RUB 118.089 billion from RUB 87.62 billion, pre-tax profit by 17.22% to RUB 77.713 billion from RUB 66.299 billion. EBITDA went up 11.2% to RUB 245 billion from RUB 220 billion, EBITDA margin to 25.4% from 24.5%.
According to AK&M Information Agency's DataCapital information retrieval system, RAS net profit of Russian Railways for 9 months 2017 grew by 61.83% to RUB 54.807 billion from RUB 33.868 billion for the same period in 2016. Revenue increased by 7.16% to RUB 1.254 trillion from RUB 1.171 trillion, sales profit by 30.63% to RUB 133.565 billion from RUB 102.248 billion, pre-tax profit by 41.59% to RUB 85.107 billion from RUB 60.109 billion.
"AK&M", 12.01.2018 12:42