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RZD H1 2016 Net Profit Is +73% at 690 M USD

OAO RZD showed 45 B RUB (690 M USD) of net profit in H1 2016 (+73% to H1 2015), the company reports. Operational indicators are up thanks to “improved balance of other profit and loss indicators”.

Total OAO RZD revenue is up 8.1% at 1.04 T RUB (16 B USD). In particular, freight transportation revenue is up 3.6% to 648 B RUB (10 B USD).

OAO RZD also reported having signed an agreement with Sberbank on a 50 B RUB (766 M USD) credit line until 2021.

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