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23.11.2010 Russian Railways’ net profit during January-September 2010 according to Russian Accounting Standards (RAS) increased twofold over the same period of 2009 to 69.67 billion roubles. This positive result was achieved due to Russia’s economic recovery since the beginning of 2010. Shipping volumes on the railways in the first three quarters amounted to 895.3 million tons, up 9.6% over the same period of 2009. The Company’s revenues from its main operations increased by 14.8% compared to the same period in 2009 to reach 892.6 billion roubles, while expenditures increased by only 8% to 790.3 billion roubles, while costs in the first 9 months decreased by 0.8%. Russian Railways received over 25 billion roubles in state support from the Federal budget in the first 9 months, including 15.8 billion roubles as compensation for loss of income resulting from the regulation of tariffs, fees and charges for freight. Part of the net profits amounting to 13.6 billion roubles was generated from the difference between the market and book value of property contributed to the authorised capital of the Federal Passenger Company, OJSC RZD-Health and OJSC Second Freight Company. In addition, Russian Railways achieved a net profit of 4.3 billion roubles from the sale of rolling stock at auctions. rzd-partner.com / eng.rzd.ru
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