LV: Latvian Railways net profit drops to LVL 8.4mn in 2009.

By bne IntelliNews July 28, 2010
Latvian Railways (Latvijas Dzelzce?? - LDZ) railway monopoly posted net profit of LVL 5.9mn (EUR 8.4mn) in 2009, down by 2.3-fold y/y. Company's turnover las year stood at LVL 284mn (EUR 404.1mn), down by 5.2% y/y. Despite the declining financial indicators, LDZ commented that last year the amount of cargo handled by rail remained on the level of record-high 2008 indicators. In 2008, company's consolidated turnover amounted to LVL 300mn and net profit to LVL 13.35mn.

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