OREANDA-NEWS. October 09, 2008. Last year, Russian Railways increased revenues under International Financial Reporting Standards (IFRS) by 15.7% compared with 2006 to 1.16119 trillion roubles, reported the press-centre of Russian Railways.

Revenues from freight amounted to 768.635 billion roubles, an increase of 14%, while passenger revenues rose by 18.8% to 140.796 billion roubles.

Operating expenses at the Group’s companies amounted to 821.519 billion roubles.

Group profit before tax rose to 214.984 billion roubles, an increase of 5.7% on the previous year, while net profit was up by 3.6% to 144.959 billion roubles.

Russian Railways paid 70.025 billion roubles in taxes in 2007.
 
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Russian Railways’ earnings in 2007 according to Russian Accounting Standards (RAS) amounted to 975.590231 billion roubles, up 14.9% compared with 2006, while net profit rose 3.1 times to 84.4 billion roubles.

The authorised capital of Russian Railways is 1.541697819 trillion roubles, which is divided into 1,541,697,000,819 ordinary registered shares with a nominal value of 1,000 roubles each. The sole shareholder of Russian Railways is the Russian Government.