Sapsan trains increase passenger flow by 45.7%

AK&M 04 August 2020 23:34

In January-July 2020, the number of passengers transported by Sapsan high-speed trains decreased by 45.7% year-on-year to 1.8 million, Russian Railways informed.

The company notes that the demand for rides by Sapsan trains continues to recover after a slump due to the sanitary-epidemiological lockdowns. In July, Sapsan trains transported 384.3 thousand people. Therefore, the traffic slump decreased to 29.6% year-on-year in July 2019 from more than 62% year-on-year in June.

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.