Balcon reported as ”Ukrzaliznytsya” has received net profit for the year 2016




Photo: ukrafoto.com

”Ukrzaliznytsya” by the end of 2016 received 303 million in net profit.

Joint stock company ”Ukrzaliznytsia” at the end of 2016 received UAH 303 million net profit, compared with 16 billion net loss in 2015.

This was reported by press service of the company with reference to the head of ”uz” [ Balcona.

According to the report, at the end of last year, ”Ukrzaliznytsia” has received 78.9 billion UAH of income and expenses of the company amounted to 78,6 billion. The balance of funds in the accounts of the company at the end of 2016 amounted to UAH 5.5 bn UAH. EBITDA (profit before taxes, depreciation expenses and interest on loans) was 20.5 billion UAH, EBITDA – 30%.

”As expected, the financial result of ”Ukrzaliznytsya” for 2016 profitable – received 303 million. The company fully complied with its obligations to the state: according to operational data, in 2016 paid 15 billion UAH of taxes and obligatory payments”, – quotes the press service of Balcona.

It is also reported that by the end of 2016, ”Ukrzaliznytsia” has carried 344,3 million tons of cargo and 439 million passengers. Revenues from shipments in 2016 amounted to 62 billion UAH and expenditures of 58.4 billion, which was reduced in comparison with the approved plan by UAH 1.7 bn (2.8%).

”Last year was UAH 1.3 bn to reduce fuel costs by reducing purchase prices for diesel fuel. If you plan 912 20 UAH/ton, the actual price was 19 902 UAH/ton”, – said the representatives of the company.

It is reported that in 2016 has been allocated 2.8 billion UAH for the modernization of rolling stock, an additional 2 billion UAH was allocated for the modernization of fixed assets, including rolling stock of 900 million UAH.

Also in 2016, the company has performed works on capital construction by 2.8 billion UAH, including on reconstruction of roads – 1.1 billion UAH for the construction of the tunnel Beskydy – 700 million UAH, and also upgraded the station Kamysh-Zarya – Volnovaha, which increased its throughput capacity.

”Refurbished 7278 locomotives (56 overhaul), more than 30 thousand freight cars, more than 2 thousand passenger cars, repaired and launched double-Decker train ”Skoda”, purchased 1020 gondolas” – said ”Ukrzaliznytsia”.

As reported previously the Minister of infrastructure Volodymyr Omelian announced that the Ministry of infrastructure of Ukraine approved the draft financial plan of the joint stock company ”Ukrzaliznytsia” in 2017.

The financial plan “Ukrzaliznytsi” for 2016 expected profit for the year at 98 million, the total income was planned at the level of 78.4 billion UAH, gross profit – UAH 7.9 billion, EBITDA – UAH 26 bn.

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