Lithuanian Railways' profit will exceed EUR 50 mln, CEO estimates

  • 2019-01-11
  • BNS/TBT Staff

VILNIUS – Lithuania's state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways) hopes to exceed the 50 million euro profit mark, the Verslo Zinios business daily writes.

"It seems we'll post 58 million tons in freight transportation volumes. We don't have the profit figure yet but I believe we'll exceed 50 million euris, which is a significant growth rate," Mantas Bartuska, CEO at Lietuvos Gelezinkeliai, told the daily.

In 2017, Lietuvos Gelezinkeliai transported 52.6 million tons of freight and earned 27 million euros in profit, meaning that its freight volumes rose 10 percent last year and its annual profit jumped at least 85 percent.

Mantas Bartuska also acknowledged that the company would find it hard to maintain the same growth rate this year.