BAKU, Azerbaijan, Aug. 26
By Klavdiya Romakayeva - Trend:
Georgian Railway’s net losses from January through June 2021 halved to $32 million from $66 million, Trend reports citing Caucasus Business Week.
According to 1H2021 financial indicators published by Georgian Railway, incomes from operations recorded a 28 percent upturn and exceeded 93.2 million lari ($30 million), while net losses in the reporting period halved to $32 million from $66 million.
It is reported that the structure of incomes in 1H2021 is as follows: cargo transportation – 217.55 million lari ($70 million), up 10.6 percent, logistics servicers – 34.3 million lari ($11 million), up 18.5 percent, border tax for rail cars – 5.15 million lari ($1.6 million), down 26.4 percent, rental of rail cars – 2.4 million lari ($770,000), down 58.7 percent, passenger transportation – 3.89 million lari ($1.2 million), down 24.6 percent, other servicers – 14.3 million lari ($4.6 million), up 725 percent.
It is noted that the cargo transportation volumes from January through June 2021 constituted six million tons, increasing by 500,000 tons compared to the same period of 2020.
Overall, railway transit via the Georgian corridor in the reporting period made up 3.5 million tons, up 19 percent year on year.
Besides international transit, domestic freight and cargo transportation during the reporting period grew by 21 percent.
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