Russian Railways 2012 net profit down 16.1% to RUB 14.1 bln
In 2012, net profit of Russian Railways OJSC calculated under Russian Accounting Standard fell by 16.1%, year-on-year, to RUB 14.1 bln, the company states.
In the accounting period, the company’s revenue increased by 6%, year-on-year, to RUB 1.37 trillion.
Russian Railways OJSC was set up by the order of the RF Government No 585 dated September 18, 2003. The company establishment was the result of the first phase of railway sector reform. The length of the company’s operational railways is 85,200 km which. The share of Russian Railways in the cargo turnover of Russia’s transport system is 43%. RZD and its subsidiaries have 624,900 cargo wagons.
