The financial plan of the State Railway Administration (Ukrzaliznytsia) for 2014 was approved at a meeting of the Cabinet of Ministers on Wednesday. According to information from Ukrzaliznytsia, the revenues of railways will total UAH 54.6 billion. In the financial plan for 2013, the projected revenue was nearly UAH 1 billion more at UAH 55.4 billion.
Net sales revenues are expected to increase by UAH 2.7 billion or 2.7% to UAH 52.7 billion in 2014, compared with 2013. However, according to the financial plan for last year, Ukrzaliznytsia was to earn net revenues of UAH 53.4 billion.
The net profit is expected to increase by 24% to UAH 634.6 million in 2014 compared with 2013. As reported, Ukrzaliznytsia’s net profit was projected at UAH 509.1 million last year.
The volume of capital investment has not changed compared with last year, amounting to UAH 8.2 billion. These funds will be invested in purchase of fixed assets, modernization, and capital construction.