Головна сторінка
/
Новини
/

Ukrzaliznytsia estimates its warfare losses at UAH 0.3 bln

Ukrzaliznytsia estimates its warfare losses at UAH 0.3 bln

24 July 2014

Ukraine’s railway monopoly Ukrzaliznytsia (RAILUA, UZ) estimated that total losses from damage to its infrastructure in the Donbas war zone are close to UAH 300 mln, according to its July 23 press release. The total cost of recovery of damaged sites that UZ experts have already inspected is close to UAH 210 mln, though some of these sites have not yet been inspected.

 

Last week, the monopoly also reported its 1H14 freight turnover statistics, which looked rather positive given the turmoil in the easternmost regions. In particular, the entity reported it transported 206 mmt of goods in 1H14, or 1.2% less yoy. Transportation of goods for export increased 4.6% yoy to 71 mmt, while internal deliveries fell 3.9% yoy to 103 mmt. The volume of transited goods fell 8.0% yoy to 16 mmt in 1H14.

 

Alexander Paraschiy: Ukrzaliznytsia’s war-inflicted losses look far better than they could have been, given that about 130 sites have been reportedly damaged. The total estimated damages, thus far, account for just 2.7% of the monopoly’s combined 2013 EBITDA. Another UZ bright spot is no serious decline in freight transportation (the entity’s only profit-making division), though it will certainly result in falling operating profit in 1H14. Yet we expect the decline will be single-digit only.

Останні новини

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...