The Board of Directors of Russian Railways has conducted a review of the Company’s performance in 2015.
“We discussed the results of our work at Russian Railways in 2015. Despite the difficult economic situation, the Company improved its key performance indicators, maintained reliability and stable operations and made profits and dividend payments to the budget by increasing efficiency. The Board of Directors gave the Company a positive assessment. We hope that the government will support our findings,” said Arkady Dvorkovich, Chairman of the Board of Russian Railways and Deputy Prime Minister of Russia, after the meeting.
In his turn, the President of Russian Railways Oleg Belozerov noted that the Company had reduced costs in 2015 and thus achieved savings of 39.8 billion roubles. In addition, revenues from the sale of subsidiaries amounted to 19 billion roubles.
“We have increased our revenue base and reduced expenditure across virtually all areas of our work,” said the Company’s President.