Board of JSC Russia's Railways August 27 considered the outcome of financial and economic activity for the 1 half of 2009 and found them to be generally satisfactory, the company says.
Passenger OAO RZD in January-June 2009 decreased by 11% over the same period of 2008 - up to 567.3 million people, including long-distance - up to 57.9 million passengers, suburban - up to 509.4 million passengers.
Company, despite the decline in effective demand of the population, managed during the summer traffic to attract additional ridership through a number of favorable tariff proposals. Thus, if in January-May, long-distance passengers departed for 11% less than in the corresponding period last year, the summer months, the decline was already 8%, noted in the announcement Railways.
handling of cargo to the network of JSC RZD in 1 half of 2009 amounted to 520.9 million tons, up 23.1% below the same period in 2008 and is a consequence of the crisis in the global economy. Reducing the volume of freight traffic declined from 33,1% in January to 13,9% in June.
Company in the first half worked in a significant decline of freight and passenger traffic. We used to other large companies have developed a plan of anti-crisis measures and cost savings, which is already yielding results. In particular, the optimization of the company's expenses in January-June amounted to over 100 billion rubles, and this work will continue in the second half. At the moment there is a tendency to reduce freight recession. As a result, we expect to reach the targeted level of load reduction - 19%, and possibly even improve this figure - said the president of JSC RZD Vladimir Yakunin at the board meeting.
As previously reported, sales of JSC RZD from the main activity of Russia's accounting standards for the reporting period amounted to 483 billion 130 million 772 thousand rubles, which is 8,8% less than the same period in 2008. Losses amounted to 13.7 billion rubles.
The negative financial result for the half-year results associated with the reduction of loading of cargo, passenger traffic decline, exchange differences resulting from the devaluation of the ruble, the growth rates for electricity and fuel, as well as nedoindeksatsiey freight rates, the report said Railways.
implementation of the investment budget of the company in 1 half was 100.2 billion rubles, or 41,3% of the annual limit. It provided input of fixed assets worth 62.2 billion rubles (22,5% of the annual plan). The high rates achieved in the implementation of the program of corporate information, the introduction of the automated system of commercial electric power accounting and allocation of investment projects - such as shipping oil to China (Stage 2), development area Tobolsk - Surgut, Reconstruction of complex Mha - Gatchina - Weimar - Ivangorod and railway approaches to ports on the southern shore of the Gulf and some others.
Following the 2009 Railways intend to ensure loading of at least 1.1 billion tons of cargo
Board of JSC Russia's Railways August 27 considered the outcome of financial and economic activity for the 1 half of 2009 and found them to be generally satisfactory, the company says.
Passenger OAO RZD in January-June 2009 decreased by 11% over the same period of 2008 - up to 567.3 million people, including long-distance - up to 57.9 million passengers, suburban - up to 509.4 million passengers.
Company, despite the decline in effective demand of the population, managed during the summer traffic to attract additional ridership through a number of favorable tariff proposals. Thus, if in January-May, long-distance passengers departed for 11% less than in the corresponding period last year, the summer months, the decline was already 8%, noted in the announcement Railways.
handling of cargo to the network of JSC RZD in 1 half of 2009 amounted to 520.9 million tons, up 23.1% below the same period in 2008 and is a consequence of the crisis in the global economy. Reducing the volume of freight traffic declined from 33,1% in January to 13,9% in June.
Company in the first half worked in a significant decline of freight and passenger traffic. We used to other large companies have developed a plan of anti-crisis measures and cost savings, which is already yielding results. In particular, the optimization of the company's expenses in January-June amounted to over 100 billion rubles, and this work will continue in the second half. At the moment there is a tendency to reduce freight recession. As a result, we expect to reach the targeted level of load reduction - 19%, and possibly even improve this figure - said the president of JSC RZD Vladimir Yakunin at the board meeting.
As previously reported, sales of JSC RZD from the main activity of Russia's accounting standards for the reporting period amounted to 483 billion 130 million 772 thousand rubles, which is 8,8% less than the same period in 2008. Losses amounted to 13.7 billion rubles.
The negative financial result for the half-year results associated with the reduction of loading of cargo, passenger traffic decline, exchange differences resulting from the devaluation of the ruble, the growth rates for electricity and fuel, as well as nedoindeksatsiey freight rates, the report said Railways.
implementation of the investment budget of the company in 1 half was 100.2 billion rubles, or 41,3% of the annual limit. It provided input of fixed assets worth 62.2 billion rubles (22,5% of the annual plan). The high rates achieved in the implementation of the program of corporate information, the introduction of the automated system of commercial electric power accounting and allocation of investment projects - such as shipping oil to China (Stage 2), development area Tobolsk - Surgut, Reconstruction of complex Mha - Gatchina - Weimar - Ivangorod and railway approaches to ports on the southern shore of the Gulf and some others.
of the OJSC RZD determined the priorities of the company for 2 semester, among them - to ensure loading of up to 2009 no less than 1.1 billion tons of cargo, the achievement of positive financial results through lower production costs, the training infrastructure to the growing traffic cargo and passengers, the tasks set by the Government of Russia to reform the industry.
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