Ukrainian High-Speed Train Operator’s Losses Triple

News 3 September 2015, 10:49

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The state-owned Ukrainian High-Speed Rail Company made a loss of UAH 494.1 million in the first half of 2015, which is almost three times more than its loss in the same period of last year (UAH 165.7 million)

The state-owned Ukrainian High-Speed Rail Company made a loss of UAH 494.1 million in the first half of 2015, which is almost three times more than its loss in the same period of last year (UAH 165.7 million), according to materials provided to the CFTS portal by the Ministry of Infrastructure.

The company’s net sales revenue amounted to UAH 263 million in the first half if this year, which is three times higher than its net sales revenue of UAH 74 million in the first half of 2014.

The total value of the company’s assets is UAH 5 billion.

Its operating costs increased 2.8-fold.

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