OREANDA-NEWS. December 20, 2012. "On the whole, subsidiaries of Russian Railways turned in a positive performance in 2012. Revenues at subsidiaries are expected to be 800 billion roubles and net profit 32 billion roubles. Dividends totalling 9.1 billion roubles are planned. Total revenues from the sale of subsidiaries for the year should exceed 70 billion roubles," said Valery Reshetnikov, Senior Vice President at Russian Railways, who was speaking at the Company’s Board Meeting in Moscow to discuss the 2012 results on 18 December 2012.

According to Reshetnikov, one of the most important decisions made in 2012 was to expand the holding’s business into transport and logistics services, which should result in a significant growth in Company revenues.

"We have made significant steps in this direction. We are now completing the transaction to acquire the French logistics operator Gefco. We have initiated the creation of an integrated transport and logistics company in the Common Economic Space and decided to establish a transportation and logistics services segment in the holding’s business structure," said Reshetnikov.