International Internet Magazine. Baltic States news & analytics
Thursday, 27.10.2016, 21:37
LDz increases cargo turnover by 10.8% in H1
During the first six months of 2011, LDz transported a total of 29.88 million tons of cargo, writes LETA.
Magonis said during the press conference that there has been a rapid increase in the volume of cargo transported, and that if cargo volumes remain at the current pace, LDz's yearly cargo volumes could even reach 70 million tons.
Last year, the company transported a total of 59.38 million tons of cargo.
LDz also informed today about its financial results for 2011.
In 2011, LDz operated with LVL 19 million in profit, while the company achieved LVL 257 million in turnover.
LDz Cargo is the largest railroad transport company in Latvia.