Ukrzaliznytsia’s annual loss amounted to almost 12 billion

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Ukrzaliznytsia’s annual loss amounted to almost 12 billion

16.04.2021 News

According to the results of last year, Ukrzaliznytsia received a net loss of UAH 11.9 billion against a profit of UAH 2.988 billion a year earlier. This is stated in the company’s financial report.

The company states that the financial result was significantly affected by a decrease in revenues from freight and passenger traffic – by 10.3% and 58.3%, respectively, as well as significant fluctuations in exchange rate differences, resulting in a net loss of UAH 5.5 billion against 4.3 billion UAH of net profit in 2019.

Compensation to senior management (the company’s board of six and the supervisory board of five) consisted mainly of salaries, accruals and bonuses and, according to UZ, amounted to UAH 53.018 million and UAH 71.417 million, respectively. In 2020, remuneration to members of the Supervisory Board amounted to UAH 20.7 million (against UAH 43.425 million in 2019).

Dividends payable to the state as of December 31, 2020 amounted to UAH 753.7 million (2019 – UAH 755 million)

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