Russian Railways eyes RAS net profit jumping to 3 bln rbl in 2017

MOSCOW, Dec 7 (PRIME) -- State monopoly Russian Railways forecasts its net profit under Russian Accounting Standards (RAS) to triple to 3 billion rubles in 2017, CEO Oleg Belozyorov told reporters on Wednesday.

The company also expects its cargo loading to remain flat on the year in 2017.

In January–September, Russian Railways posted a 33.868 RAS net profit against an 8.88 billion ruble net loss in the same period a year ago.

(63.8741 rubles – U.S. $1)

End