Ukrzaliznytsia Expects 24% Increase In Profits This Year

The net profit of the State Railway Administration (Ukrzaliznytsia) will increase by UAH 122.8 million or 24% to UAH 634.6 million in 2014, compared with last year. This forecast was made in the financial plan for the Ukrainian railways that the government approved on June 18, the press service of Ukrzaliznytsia reports.

Ukrzaliznytsia’s net sales revenue is expected to increase by UAH 2.7 billion or 5.4% to UAH 52.7 billion in 2013, compared with 2013. Its total revenues in the current year are projected at UAH 54.6 billion.

Ukrzaliznytsia is expected to transfer UAH 11.8 billion into the state budget and special funds.

Its capital investments are expected to amount to UAH 8.2 billion in 2014. The capital investments will go mostly toward purchase of fixed assets, modernization, and capital construction.