Russian Estonian Rail Services (RERS), which leases and repairs
railcars in Russia, Kazakhstan, Ukraine, Latvia, Lithuania and
Finland, has reported a net profit in 2009 of EEK 75.1 million
The figure represents an increase of 71% compared to the year
Revenues were up 30% to EEK 108.8 million, according to the
company’s annual report, while the gross profit margin was 73.5%
and net profit margin was 69%.
RERS is expecting revenues of EEK 95.8 million and a profit of
EEK 103.7 million this year.
The company belongs to Finland-registered Finnish Russian Rail