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Lithuanian Railways' revenue up 5% to 339 mln euros
BC, Vilniaus, 19.10.2018.
Print version
Print versionLietuvos Gelezinkeliai (Lithuanian Railways) posted 338.7 mln euros in revenue for January through September 2018, up 5.2% from 322 mln euros a year ago, informs LETA/BNS.
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The state railway company attributed the revenue growth to increased
freight volumes and passenger numbers.
Freight volumes grew by 8.5% in the three quarters year-on-year to 41.6 mln
tons and passenger numbers were up by 8.4% to 3.832 mln.
Lietuvos
Gelezinkeliai earlier this year endorsed a strategy until 2030
that aims to increase annual passenger numbers to 8 mln, annual freight volumes
to 70 mln tons and annual revenue to 725 mln euros.
The group plans to invest around 7 bln euros by 2030, with the bulk of
the money to go toward infrastructure modernization and development.
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