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12/07/2018
20:10
Russian Railways, Chongqing city ready to expand cargo delivery routes

Oleg Belozerov (CEO, Chairman of the Management Board of JSC Russian Railways) and Tang Liangzhi, chairman of the National Government of Chongqing city (the Chinese National Republic) discussed cooperation in rail shipments, according to the press service of Russian Railways.

During the meeting the parties noted the sustainable growth of the rail cargo flow between Russia and China. The container transportation segment is growing at a particularly fast pace: +80% in 2017.

The CEO of Russian Railways emphasized his company's interest in the further increase in transit flows. Among the promising projects, the parties are ready to consider launching a regular container train from Chongqing via Zabaykalsk to Russian cities. Besides, Russian Railways and the Chinese partners will explore the possibility of setting up a joint distribution center in Russia.

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 2017 increased 13.57 times to RUB 139.704 billion from RUB 10.294 billion the year before. Revenue increased by 5.55% to RUB 2.252 trillion from RUB 2.133 trillion, operating profit (adjusted for state subsidies) 2.66 times to RUB 250.602 billion from RUB 94.099 billion, pre-tax profit 5.56 times to RUB 192.747 billion from RUB 34.695 billion. EBITDA increased by 11.8% to RUB 496 billion from RUB 443 billion, EBITDA margin to 24.7% from 23.6%.

According to AK&M Information Agency's DataCapital information retrieval system, RAS net profit of JSC Russian Railways for 2017 increased 2.69 times to RUB 17.5 billion from RUB 6.5 billion the year before. Revenue increased by 7.61% to RUB 1.698 trillion from RUB 1.577 trillion, sales profit by 19.48% to RUB 139.999 billion from RUB 117.173 billion, pre-tax profit by 20.19% to RUB 52.426 billion from RUB 43.621 billion.

According to AK&M Information Agency's DataCapital information retrieval system, RAS net profit of JSC Russian Railways for Q1 2018 decreased by 35.08% to RUB 9.174 billion from RUB 14.131 billion for the same period in 2017. Revenue increased by 5.44% to RUB 431.262 billion from RUB 409.023 billion.

"AK&M", 12.07.2018 13:56

 

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