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Economy 2017-09-13T17:43:24+03:00
Ukrainian news
Cabinet Approves Ukrzaliznytsia's 2017 Financial Plan Expecting Income Of UAH 62.9 Million

Cabinet Approves Ukrzaliznytsia's 2017 Financial Plan Expecting Income Of UAH 62.9 Million

The Cabinet of Ministers has approved a 2017 financial plan for the Ukrzaliznytsia national railroad public joint-stock company with net profit expected at the level of UAH 62.888 million.

The Cabinet approved the plan at its meeting on Wednesday, September 13, 2017, Ukrainian News Agency reports.

According to the report, the Ukrzaliznytsia's consolidated financial plan envisaged revenues of UAH 80.575 billion, including from transportation - UAH 76.095 billion.

The net profit was set at the level of UAH 62.888 million, the EBITDA ratio (profit before taxes, interests, amortization) - at the level of UAH 18.301 billion.

Payments to the state budget and special funds were set at UAH 17.035 billion.

In addition, in 2017, tariffs for freight transportations in Ukraine were expected to grow by 22.5% starting October, while traffic volume was to increase by 2.7% year over year.

As Ukrainian News Agency earlier reported, the Ukrzaliznytsia public joint-stock company started its economic activity on December 1, 2015.

The Ukrzaliznytsia operates Donetsk, Lviv, Odesa, South, South-West and Prydniprovska railways, as well as other enterprises and organizations of a single production and technological complex that provide services of transportation of goods and passengers.

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