Cargo, Latvia, Railways, Transport

International Internet Magazine. Baltic States news & analytics Saturday, 20.04.2019, 06:33

Profit of LDz Cargo falls to EUR 661,000 in January-September

BC, Riga, 11.12.2017.Print version
LDz Cargo, the subsidiary of Latvijas Dzelzcels national rail company in charge of freight and passenger transportation, turned over EUR 177.376 million in the first nine months of 2017, which was 12.8 percent less than in the same period last year, while the company’s profit dwindled 12.3 times to EUR 661,048, writes LETA, according to the data released by LDz Cargo.

According to the company’s financial statement, the rail company’s financial results suffered as freight turnover declined.

 

During the first nine months of 2017, LDz Cargo carried 33.3 million tons of freight, down 2.8 percent from the same period a year ago.

 

In addition to shipping freight, LDz Cargo also provides passenger services on three routes – from Riga to St. Petersburg, to Moscow and Minsk. In the nine months of this year, the company carried 120,586 passengers on these routes, or 5 percent more than a year ago.

 

LDz Cargo reported an EUR 8.151 million profit on EUR 203.296 million turnover for the first nine month of 2016.

 

LDz Cargo is the largest rail cargo carrier in the Baltic states.






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