RZD Reported H1 2016 Financials

OAO RZD reported its H1 2016 results. The company received net profit of 28.6 B RUB (432.6 M USD, +56% to H1 2015). The revenue was only +4% at 771.5 B RUB (11,7 B USD).

The freight transportation revenue was 619.5 B RUB (9.4 B USD, +3.6%); long-distance passenger transportation revenue was 6.9 B RUB (104.4 M USD, +30%), transit passenger transportation revenue was 288 M RUB (4.4 M USD, +43.2%).

COGS is 5% up to 702.6 B RUB (10.6 B USD).

Long-term obligations reduced 9.9% to 913.8 B RUB (13.8 B USD). Short-term obligations are down 2.8% to 485.7 B RUB (7.3 B USD).