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.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss