LT: Lithuanian Railways post net profit of EUR 17.5mn in 2010.

By bne IntelliNews March 2, 2011
Lietuvos Gelezinkeliai (Lithuanian Railways) posted net profit of LTL 60.44mn (EUR 17.5mn) in 2010. This made a 4.6-fold y/y increase. Companys revenues increased by 13% y/y to LVL 1.34bn. This year Lithuanian Railways sees revenues of LTL 1.37bn and freight turnover declining by 2.3% to 47mn tons (estimated of 48.1mn tons in 2010). Company is fully owned by the state.
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