Russian Railways have published financial results for 2017 in accordance with the RF accounting standards.
The company’s earnings made 1,697.5 bn rubles growing 7.6% year-on-year.
Earnings on cargo transportation made 1,352.8 bn rubles, up 7.8%, while earnings on passenger transportation were 21.8 mn rubles, up 28.6%.
Sales costs increased 6.8% to 1,425.3 bn rubles, which is below the inflation level.
Gross profit grew 12.3% to 272.2 bn rubles.
Net sales surged almost 2.7-hold to 17.5 bn rubles.
Russian railways’ aggregate assets as of December 31, 2017 were worth 5,962.4 bn rubles, up 4.9% year-on-year.
