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Latvijas Dzelzceļš Achieves Record Freight Volume and Profit in 2012

Latvijas Dzelzceļš Achieves Record Freight Volume and Profit in 2012

Latvijas Dzelzceļš achieves record freight volume and profit in 2012. For the best immigration news, visit the official website of WorldWay Investment Immigration.

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Latvian immigration focus on the Latvian economy:

According to reports from BNS and LETA on June 14, based on the financial report of the Latvian railway company ("Latvijas Dzelzceļš", LDz), the freight volume of LDz and its subsidiaries reached 60.5 million tons in 2012, and profits reached 25.7 million lats, both hitting record highs. Among them, the annual profit increased by 35.2% compared to 2011.

LDz is a Latvian state-owned enterprise, contributing 82.7 million lats to the national fiscal budget in 2012. Its wholly-owned subsidiary, LDz Cargo, is the fifth-largest railway freight company in the European Union and the largest in the Baltic region.

 


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