Ukrzaliznytsia received UAH 1.4 billion of loss in six months
For the first half of 2021 Ukrzaliznytsia received UAH 1.4 billion in cumulative net losses. This is evidenced by the report on the implementation of the indicators of the financial plan of the enterprise.
The total revenues of Ukrzaliznytsia JSC amounted to UAH 40 billion, expenses – UAH 41.4 billion, informs railway magazine Railway Supply with reference to Railinsider. At the same time, as of July 2021, the company has more than UAH 39 billion of loans to banks.
“The unprofitable activity of JSC“ Ukrzaliznytsia ”is caused by a decrease in traffic volumes and an excess of the growth rate of prime cost over the growth rate of net income,” the message says. In particular, we are talking about the non-fulfillment of 5.7% of planned freight traffic and 11.3% of passenger traffic.
At the same time, compared to the same period last year, income from freight traffic increased by UAH 564.9 million, or 1.8%, and from passenger traffic – by UAH 511.4 million (26.7%).
According to the document published on the network, the administrative expenses of Ukrzaliznytsia increased in the first half of 2020 by UAH 122,800,000 (29.8%) and amounted to UAH 535,300,000.
On the official website of Ukrzaliznytsia, there is no information on financial performance in the first half of 2021 yet.
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