9 Oct 2009 11:50

RZD lowers IFRS net profit by 47% in 2008

MOSCOW. Oct 9 (Interfax) - OJSC Russian Railways (RZD) reduced its IFRS net profit in 2008 by 47% to 76.4 billion rubles, the company's vice-president, Vadim Mikhailov, said at press conference.

RZD's sales revenue last year dropped by 18.3% to 1.2 trillion rubles.