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Russian Railways Announces 2007 Net Profit

January 2008.

The net profit of Russian Railways more than tripled and amounted to RUB 84bn (approx. USD 3.41bn) in 2007 compared to the previous year, the company's President Vladimir Yakunin told journalists in Hamburg during the official ceremony of the arrival of container-laden train from Beijing to Hamburg.

Yakunin noted that the company's revenue climbed 12 percent to RUB 950bn (approx. USD 38.57bn), icluding RUB 845bn (approx. USD 34.31bn) from transportation services. He also pointed out that Russian Railways was expected to receive more than RUB 1 trillion (approx.
USD 40.60bn) in revenue in 2008, RBC reports.



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