May 23, 2012

Kazakhstan Railways declares a profit

Written by 
  • Print
  • Email

BOTH traffic and turnover increased last year for Kazakhstan Railways (KTZ) enabling it to declare a profit of a Tenge 123bn ($US 832m). KTZ also doubled capital investment to Tenge 394bn.

KTZ reported an impressive 21.2% increase in revenue in 2011 to Tenge 712bn, while costs rose by 13% to Tenge 589bn. As a result, Ebitda soared by 36.2%.

In 2011, tonne-km increased by 4.9% to 223 billion and passenger-km rose by 4.7% to 14.6 billion. KTZ managed to improve productivity by 13.1% last year despite a 7% increase in staff numbers due to its acquisition of Kamkor Repair Corporation.

Get the latest rail news

IRJ Rail Brief newsletter covers global railway news