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.

Ukrzaliznytsia received UAH 1.4 billion of loss in six months

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.

UZ announced a competitive selection for the position of chairman of the board

“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.

78 million UAH of Donetsk Railway debts were debited from UZ accounts

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.

Related:

Ukrzaliznytsia has published an Integrated Report (ESG-report) for 2020

Find the latest news of the railway industry in Eastern Europe, the former Soviet Union and the rest of the world on our page on Facebook, Twitter, LinkedIn, read Railway Supply magazine online.