Lithuanian Railways' revenue grew by 6% in 8 months
2017-09-18, 10:21
Published in
Economy
Photo M. Paluskevic
Lietuvos Gelezinkeliai (Lithuanian Railways) said that its revenue for the eight months through August rose by 6% year-on-year to reach 282.1 million euros. The state railway company's net profit for January through August came in at 1.3 million euros. Freight volumes increased by 7.54% to 33.7 million tons and passenger numbers were up by 3% to 2.5 million. Freight transit shipments via Lithuania increased by 25% and export shipments grew by 21%. The rise in rail freight transit volumes was due to increased shipments to Kaliningrad, with coal shipments up by 64.6% and oil and oil product shipments up by 45.6%.
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