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The Board of Directors of JSC NC "Kazakhstan Temir Zholy" discussed the results of its activities for the first quarter of 2017

Consolidated net income of the Company reached 26 billion kzt.

On May 18, the meeting of the Board of Directors of the Company was held under the chairmanship of Askar Mamin, First Deputy Prime Minister of Kazakhstan, and Chairman of the Board of Directors of JSC NC "Kazakhstan Temir Zholy".

At the meeting were considered the reports for the first quarter of 2017 on the implementation of the Development Plan for 2017-2021, the implementation of major investment projects of the Company, information on the current status of the Business Transformation Program.

Due to the increase in export, import, and intra-republican communications in the first quarter of this year, the turnover of goods amounted to about 50 billion tons, which is 14.5% more than the same period of last year.

Due to growth in traffic volumes by 10%, transit growth reached 11% compared to the previous year.

Consolidated net income of the Company for the first quarter amounted to 26 billion kzt.

The EBITDA amounted to 38.8 billion kzt, which is 1.4% higher than the plan, and compared to the same period of 2016, this figure was increased by 8.1 billion kzt.

Within the framework of the Roadmap for the implementation of the Business Transformation Program of JSC NC "KTZ" for 2017, work on 5 control points for the implementation of a new model of management of maintenance, repair of rolling stock and railway infrastructure was completed.

The meeting approved the Rules for the provision of corporate housing, additions to the Charter of JSC “KTZ - Freight Transportation”.

 

Press-office of JSC NC “Kazakhstan Temir Zholy”

 

 






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