Ukrainian state railway company reports UAH 1.5 bln net profit in H1

Ukrainian state railway company reports UAH 1.5 bln net profit in H1PJSC Ukrzaliznytsia in January-June 2016 posted UAH 1.536 billion of net profit under Ukrainian Accounting Standards (UAS), according to a company report in the information disclosure system of the National Commission on Securities and the Stock Market.

Comparative figures for the same period of last year are not given in the report.

The company's net income for the period amounted to UAH 31.171 billion, cost of products sold UAH 28.905 billion.

In addition, the company saw UAH 2.297 billion of other operating profit and suffered UAH 3.844 billion of other operating expenses.

Administrative expenses and selling costs stood at UAH 283.75 million.

Other income and other financial expenses amounted to UAH 3.56 billion and UAH 2.091 billion respectively.

As reported, Ukrzaliznytsia in 2015 saw UAH 16.78 billion of net losses under IFRS, which is 8.7% more than in 2014. Ukrzaliznytsia explained such losses with the currency exchange difference of UAH 13.91 billion, arising in connection with the hryvnia devaluation.
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