Russian Railways posts net profit of RUB 318 mln in 2015 against a loss a year ago

Net profit of Russian Railways calculated under Russian Accounting Standards totaled RUB 318 mln in 2015 against a loss of RUB 44 bln in 2014, the Company says.

Revenues of Russian Railways increased by 7.8% to RUB 1.5 trillion.

JSCo Russian Railways was established on October 1st, 2003 pursuant to Decree of the Russian Government № 585 "On foundation of Open joint Stock Company "Russian railways" dated 18 September 2003. The Company is 100% owned by the Russian Government.