Operating Results

JSC Georgian Railway has announced its preliminary results for the 6 month period 2014. Revenue has exceeded the historical maximum and amounted to GEL 232.4 million, which is 8.4% higher (GEL 18 million) than in the same period of 2013. Revenue from freight transportation is increased by 5.7% (GEL 9.4 million) and amounted to GEL 175.1 million. This was caused by significant increase in revenue from transportation of dry cargo, namely industrial freight, sugar, ferrous material and scrap and chemicals and fertilizers. Revenue from grain, cement and construction materials transportation is also showing an upward trend compared to previous year as well as through 2014. Revenue from other freight operations amounted to GEL 49.6 million, which is 18.9% increase compared to the results of the same period in 2013.