In July 2020, the passenger flow of JSC Russian Railways decreased by 26.2% year-on-year to 80.9 million, the company informed. In particular, 74 million passengers traveled in commuter trains (-22.6%), 6.9 million passengers in long-distance trains (-6.9%).
The passenger turnover reached 7.7 billion passenger kilometers decreasing by 55% year-on-year; commuter trains accounted for 2.4 billion km (-23.4%), long-distance trains for 5.3 billion km (-62.2%).
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.
