RAS net profit of Russian Railways for 1Q’19 up 1.9 times YoY to RUB 17.7 billion

Net profit of Russian Railways OJSC for January-March 2019 calculated under Russian Accounting standard exceeded RUB 17.7 million, 1.9 times as much as in the same period of the previous year, the company says in a press release.

In the reporting period, Russian Railways’ revenue grew by 5.8% to RUB 456.3 billion.

Russian Railways OJSC was created 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.