Latvian railway company Latvijas Dzelzcels (LDz) closed the first nine months of 2017 with EUR 136.359 million in turnover, down 2.4% from the same period last year. The turnover drop occurred as cargo transportation generated less revenues. However, the company made a EUR 1.925 million profit, recovering from a loss incurred a year ago. By comparison, LDz reported EUR 139.712 million in turnover and a loss of EUR 1.078 million for the first nine months of 2016.
As the manager of public railway infrastructure, LDz generates revenues mainly from fees carriers pay for using the railway infrastructure. In January-September 2017, these revenues made up 69.5% of the company’s turnover. At the same time, LDz managed to save costs in areas where expenditure could be reduced in proportion with business operations and to improve efficiency.
In the first nine months, the number of train-kilometers decreased by 2.1% year-on-year in cargo transportation, and remained roughly unchanged in passenger transportation. 33.309 million tons of freight were carried over 6.758 million train-kilometers and 13.283 passengers over 4.568 million train-kilometers.
Share on:
