"Ukrzaliznytsya" in 2019 has increased basic income by 6% and earned 3 billion hryvnia
Total financial result of JSC "Ukrzaliznytsya" for the last year amounted to 3 billion hryvnias. In particular, EBITDA at the end of last year reached 17.3 billion hryvnia, which is by 6% more than in 2018. The income from sales of Railways in comparison with the previous period increased by 8.4% to 90,4 billion hryvnia. The largest share (91%) in the structure of income from sales of products - revenues from transportation of goods and passengers, which in 2019 amounted to 82.4 billion hryvnia.
for 2019, the company redeemed 60% of the principal amount (300 million USD) Eurobond issued in 2013. A Eurobond 2024 won in the category "Corporate bonds of the year in the region of CEEMEA" in July 2019. In a press-service of the company noted the introduction last year of important measures to increase profitability and enhance business transparency, in particular, distribution of cars, rental of property and the sale of scrap metal through Prozorro.Sale.
"Railways entered the turbulent 2020 with a margin of safety and the obvious advances in the management efficiency of operations, profitability and liquidity. The company has improved its financial result, while still fulfilling obligations to the state, society, and creditors on time and in full. Now we can focus on solving the pressing problems of the industry - finding sources of funding for procurement of rolling stock, exemption of Railways from payment of land tax, the elimination of injustice among the tariff classes of goods and other issues that are not new, but will be even more noticeable on the background of crisis phenomena in the economy caused by the epidemic COVID-19", - said acting Chairman of JSC "Ukrzaliznytsya" Ivan Yurik.