Kazakhstan Temir Zholy increases IFRS net profit 6.7% in January-March
ALMATY. June 5 (Interfax) - Kazakhstan's national railway operator Kazakhstan Temir Zholy (KTZ) has posted a first quarter net profit of 29.467 billion tenge (151.39/$1), which is a year-on-year increase of 6.7%, according to the company's financial statement under IFRS.
In January-March 2013 the company's gross profit rose 16.6% to 65.2 billion tenge, revenue grew 9.9% to 198.1 billion tenge, and profit before tax went up 5% to make 37.6 billion tenge.
In the reporting period KTZ's assets expanded 7% to 2.201 trillion tenge, liabilities edged up 1% to make 1.028 trillion tenge, equity capital rose 12.2% to 1.157 trillion tenge, share capital stood unchanged at 681 billion tenge.
Kazakhstan Temir Zholy is part of National Welfare Fund Samruk-Kazyna.