KEVRZ increased net income from sales by 62.6%

JSC “Kyiv Electric Car Repair Plant” (KEVRZ), an enterprise that is part of the structure of “Ukrzaliznytsia”, in January-March 2021 increased net income from sales by 62.6% compared to the same period in 2020 – up to UAH 130.37 million, informs Railway Supply magazine with reference to Fixygen.

Kyiv Electric Car Repair Plant
Picture: Kyiv Electric Car Repair Plant

According to the interim financial report of the enterprise, published in the information disclosure system of the National Securities and Stock Market Commission, its net profit for this period decreased by 21% – to UAH 2 610 000. The plant received UAH 6 740 000 of gross profit (against UAH 8 110 000 in the same period a year earlier), and from operating activities received UAH 0.17 million of profit versus UAH 4.29 million.

ZERZ: Overhaul repairs of electric locomotives ChS-2, ChS-4

According to the plant, in the first quarter of this year, it sold nine repaired electrical sections for UAH 118 500 000, one wheelset for UAH 1 300 000 and 108 electric vehicles for UAH 8 300 000 (for the same quarter of 2020 – 5 electrical sections for UAH 69 million, 8 wheelsets for UAH 1 500 000 and 122 electric vehicles for UAH 8 800 000).

As reported, KEVRZ, together with the Czech plant Skoda, is carrying out a major overhaul of double-deck Czech trains Skoda, the first of the two Ukrzaliznytsia expects to receive at the end of this year.

The financial report of KEVRZ for all 2020 has not yet been made public by the National Securities and Stock Market Commission, and in January-September last year, the plant received a net loss of UAH 0.23 million against UAH 14.63 million for the same period in 2019, net income decreased by 5.7% – up to UAH 252 million.

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