Balcon disclosed as earned “Ukrzaliznytsya” from the beginning of 2017

PJSC “Ukrzaliznytsia” in January-may of 2017 received UAH 100 million in net profit against 0.9 billion net loss in the same period of 2016. This was stated by the head of the management Board Wojciech Balczun.

“Despite the difficult economic situation, despite the blockade, impacting transit, almost all of our indicators are improving compared with figures for the same period last year”, – said Balczun.

According to him, revenues are “Railways” for five months of the current year rose more than 8%, the dynamics of growth of expenses was 4.5%, which led to the improvement of financial results. During this period the company developed 2.5 billion UAH of capital investici, thus reduced its loan portfolio by 3.2 billion UAH.

“We pay great attention to the restructuring of the loan portfolio, because we know what we have a historic burden associated with foreign currency loans, which significantly influenced the financial result and financial position, and the ability to invest,” – said Balczun.

For five months of 2017, the company carried 139,2 tons of cargo, which is 3% higher than the same period of 2016, the turnover increased by 7% to 79.9 billion t-km, transit – by 8.5% to 8.9 billion ton-km.

Passenger traffic for the period increased by 2% to 82.2 million people, passenger turnover reached 10.5 billion passenger-km, which is 6% above that figure over the same period last year.

Recall, the Cabinet in the coming weeks to take a decision: to leave or to dismiss the head of “Ukrzaliznytsya” Adalbert Balcona.