EE: Estonian Railways budgeted revenues at EUR 60.4mn in 2013.

By bne IntelliNews December 19, 2012
Estonian Railways supervisory board approved budget for 2013 with total revenues of EUR 60.4mn. Expenditures are estimated to amount to EUR 54mn, while operating profit is expected at EUR 6.4mn. Expenditures have declined by 6% y/y in the budget. Investments are planned at EUR 36.6mn, of which EUR 22.2mn will be the companys money, while EUR 14.4mn will be the EU funds. Ahti Asmann, CEO of the company, said that recent investments in infrastructure will allow to improve service quality and capacities.

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