The number of passengers served on the network of Russian Railways for 11 months of 2020 decreased by 27.5% year-on-year to 795.8 million, including 62.5 million passengers traveling by long-distance trains (-42.1%), 733.3 million passengers by commuter trains (-25.9%), the company said.
Passenger traffic decreased by 41.5% to 72.6 billion passenger km, including 22.8 billion passenger km for commuter trains, 49.8 billion passenger km for long-distance trains.
In November 2020, Russian Railways served 68.1 million passengers, which is 28.4% below the result achieved in November 2019, including 63.7 million passengers traveling by commuter trains, 4.4 million passengers by long-distance trains.
Russian Railways is one of the world's top three railway operators. The company started operation on October 1, 2003. The founder and sole shareholder of JSC Russian Railways is the Russian Federation. The Government of Russia exercises the shareholder's powers on behalf of the Russian Federation. The company's assets were formed by contributing assets of 987 state-owned federal railway transport organizations to the authorized capital of JSC Russian Railways at book value. The company's authorized capital is RUB 2,315,846,775,000 and consists of 2,315,846,775 shares.
IFRS net profit of Russian Railways for 2019 increased 4.4 times to RUB 155.738 billion from RUB 35.408 billion a year earlier. Revenue increased by 3.9% to RUB 2.507 trillion from RUB 2.413 trillion. Profit before tax amounted to RUB 193.437 billion against RUB 68.398 billion.
