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Uzbekistan Railways notes increase in total assets

Transport Materials 16 August 2021 20:11 (UTC +04:00)
Uzbekistan Railways notes increase in total assets

BAKU, Azerbaijan, Aug. 16

By Klavdiya Romakayeva - Trend:

The total assets of Uzbekistan Railways JSC in 1H2021 increased by 0.9 percent and amounted to 37.1 trillion soums ($3.5 billion), Trend reports with reference to the single portal of corporation information in Uzbekistan.

According to the portal, the net profit of Uzbekistan Railways JSC in the first half of the year amounted to 230 billion soums ($21 million).

It is noted that last year the company was at a loss, which amounted to 327 billion due to restrictions related to COVID-19. At the same time, the authorized capital of the company remained unchanged.

Earlier it was reported that Uzbekistan Railways JSC has purchased 30 new locomotives. It was noted that the new locomotives differ from their predecessors, which were purchased in previous years, in that they are much more powerful and in that they are two-section - an 8-axle cargo-passenger (9,600 kW) and 12-axle freight (14,400 kW) electric locomotives.

“Due to their power, the locomotives are able to easily move from a place with a heavy freight train in all weather conditions. The service life of each locomotive is 40 years,” the message said.

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Follow the author on Twitter: @romakayeva

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