Kazakh Railways increases cargo and passenger turnover in 2012
Azerbaijan, Baku, Jan. 9 / Trend E. Kosolapova/
Kazakhstan Temir Zholy (Kazakh railways) has increased cargo and passenger turnover in 2012, the company reported on Wednesday.
According to the KTZ, the company reached the operational and financial target in January-December 2012.
The company increased cargo turnover by 5.4 percent to 235.7 billion ton-kilometer in the reporting period compared to the same period of 2011.
Passenger traffic in this period increased by 14 percent, hitting 16.7 billion passenger-kilometers.
KTZ's net income in 2012 hit 116.7 billion tenge (150.61 tenge = $1), which is almost two times higher compared to 2008 results
Labor productivity in the reporting period increased by 15.2 percent compared to 2011 and reached 5.3 million tenge per person.
Capital investment in 2012 rose by 1.3 times compared to 2011 and hit 499.515 billion tenge. The budget has been completely performed.