Russian Railways suffered 99.3 billion rubles ($2 billion) net loss in 2014

czech-republic-750411_640

Net loss of “Russian Railways” (RZD) on International Financial Reporting Standards (IFRS) was 99.3 billion rubles ($2 billion) in 2014, said in company report.

Net loss to earnings ratio at December 31, 2014 was 2.37, comparing to 1.79 at December 31, 2013. The grows of this index is mostly related to increase in the company’s ruble debt accompanied with revaluation of foreign currency borrowings.

Sources: http://tass.ru/ekonomika/1944090http://www.banktest.ru/vse-sobytiya-dnya/chistyj-ubytok-rzhd-po-msfo-v-2014-godu-sostavil-993-mlrd-rublej.html