4 Jun 2012 13:17

Kazakhstan Temir Zholy sees net profit down 2.1% in Q1

ALMATY. June 4. (Interfax) - National Railway Operator Kazakhstan Temir Zholy (KTZ) saw its net profit fall 2.1% year-on-year to 27.610 billion tenge (148.02/ $1) in January-March 2012.

Gross profit in the period grew by 2.8% to 55.946 billion tenge, revenues increased by 11.5% to 180.168 billion tenge, and profit before tax declined by 5.6% to 35.543 billion tenge.

The company's assets expanded 2% to 1.419 trillion tenge, liabilities rose 0.9% to 720.331 billion tenge, equity capital by 2.9% to 978.189 billion tenge, and charter capital by 15.9% to 671.442 billion tenge.

National Welfare State Fund Samruk-Kazyna is KTZ's sole shareholder.