Transmashholding's 2018 IFRS revenue grew 44% to 224.8 bln rubles
MOSCOW. March 29 (Interfax) - The revenue of Transmashholding (TMX) to International Financial Reporting Standards (IFRS) grew 44.3% to 224.8 billion rubles in 2018, according to TMX.
"The biggest growth was seen in the segment of passenger locomotive wagons," it said: sales of double-deck carriages rose 58.5% to 65, and those of single-deck carriages 62% to 696.
In 2018, TMX began developing a large-scale project to renew its passenger-wagon product line in February of this year, it signed a contract with Russian Railways (RZD) on the supply of 3,730 wagons, TMX said.