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Russia: Russian Railways doubles H1 net profit

August 2007.

The net profit of Russian Railways under Russian Accounting Standards (RAS) more than doubled and amounted to nearly RUR25.320bn (approx. USD982m) in the first half of 2007 compared to the same period a year earlier, the company's financial statement reads.


Revenue went up 18.9 percent to RUR469.107bn (approx. USD18.20bn) in January-June 2007. 

         Gross profit doubled and reached RUR58.673bn (approx. USD2.28bn) and pretax profit grew by a factor of 1.7 to RUR50.341bn (approx. USD1.95bn). The company's revenue from cargo transportation climbed 19.2 percent to RUR371.871bn (approx. USD14.42bn), RBC reports.


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