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2016 April 26   17:46

Russian Railways announces FY2015 results according to IFRS

Russian Railways says the Group’s net profit for 2015 calculated in accordance with International Financial Reporting Standards amounted to 8 billion rubles compared to net losses at 99 billion rubles a year ago. 

The Group’s total revenues for the year 2015 increased by 10.8% year-on-year and amounted to 1 991 billion rubles (1 796 billion rubles for the year 2014).

The Group generated EBITDA of 388 billion rubles in 2015, which is 10.2% higher compared to 353 billion rubles in 2014.