ST. PETERSBURG. Oct 14 (Interfax) - Russian Railways (RZD) expects to post 100% more in net profit for 2010 in comparison with the company's initial plan, the company's president, Vladimir Yakunin, told journalists in St. Petersburg on Thursday.
"We forecast that net profit will top the planned results twofold by year's end," he said.
It was earlier reported that RZD, at the end of 2009, planned to post 17.1 billion rubles in net profit for 2010. "We have pretty much passed the forecast increase in transport, two times more than predicted. So, our total profit will increase by at least two times. I think that [the company will make] just under 40 billion [rubles]," Yakunin said.
RZD's net profit came to 14.4 billion rubles in 2009 with sales revenue at 1.05 trillion rubles.