TODAY.AZ / Business

Azerbaijan Railways revenue surpassed $280 million in 2013

17 March 2014 [16:55] - TODAY.AZ
The revenue of Azerbaijan Railways JSC amounted to 223.1 million manat in 2013, according to an article by the JSC head, Arif Askerov posted in the local media on March 17.

The company's revenue was generated by shipping, 208.2 million manat and passenger transportation, 14.9 million manat last year.

Total expenditure for Azerbaijan Railway JSC reached 214 million manat in 2013, 73.3 million manat of which accounted for the payment of workers' salaries, 53.1 million manat for the purchase of goods and materials, 38.7 million manat to pay for consumed electricity, fuel and water, 15.3 million manat to the social security fund and 4.1 million manat to the state budget in the form of tax payments, according to Askerov.

This means the net profit of the company was nine million manat last year, he said.
In total, some 23.2 million tons of cargo and 2.5 million passengers were transported by JSC in 2013.

The official exchange rate on March 17, is 0,7843 AZN / EUR.



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