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Media: the Railways is three times reduced the forecast of net profit for 2017, made in November

© JSC “RUSSIAN RAILWAYS

MOSCOW, January 13. /TASS/. The newspaper “Vedomosti” with reference to the financial plan of JSC “RZD” in 2017, reports that this year the company expects to earn 3 billion rubles of net profit according to RAS, Recalling that in November the President of the monopoly Oleg Belozerov said that he expects starting in 2017 to a net profit of 10 billion rubles. The forecast for 2016 was about 1 billion rubles, follows from the explanatory notes to the November draft financial plan of monopoly until 2020.

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The forecast 10 billion roubles was calculated based on the maximum tariff decisions, told the newspaper one of her companions. At a meeting with Prime Minister Dmitry Medvedev it was decided to reduce the multiplying factors to the rate of 1,134 to not more than 1.1, unification of oil cargo was restricted, he says . The RZD tariff for 2017 were indexed at 4% instead of 9%, which offered a monopoly. Additionally, she received the opportunity to increase the rate of only 2% to Finance capital repairs of ways. Also 4% of the indexed tariff for the transportation of containers. Discounts on the transportation of coal and iron ore over long distances will be reduced earlier coal working distance of more than 3.3 thousand and 3.5 thousand km in 32% and 33.3% of the rate now is 40% and iron ore at 5 thousand km for 11.5% of the tariff, and will be for 50%. The maximum discount tariff within the boundaries of the corridor are reduced up to 50%. Without indexing, the Railways feared to a loss of 142 billion rubles. Loading for 2017 Russian Railways plans at the level in 2016 is about 1.22 billion tons and the cargo turnover is 3 trillion ton-kilometers. Revenue, according to the forecast of Railways, almost unchanged compared to November’s estimates result 2016 1.62 trillion 1.6 trillion.

According to the expert of the industry, the source of “Vedomosti”, the approved measures will further secure the monopoly in 2017, about 50 billion rubles of revenue. “Railways will continue to lose revenue from a reduction in transportation of petroleum and construction materials and in the best case at the end of 2017 will finish the year without a loss”, – the expert adds.

According to the publication, the company’s expenses in the current year will exceed 1.5 trillion rubles, of which 1.35 trillion rubles – the cost of transportation.

In early December, 2016, TASS reported, citing the head of the company that the Railways expect a net profit in 2017 at the level of 3 billion rubles. This statement Belozerov said that by the end of 2016, the company may get about 1 billion rubles of net profit. Thus, in 2017 the figure could grow three times compared to last year.

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