Freight One posts 4.4 bln rbl '09 IFRS net profit

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Russia's Freight One, a subsidiary of state monopoly Russian Railways, has posted a net profit of 4.4 billion rubles ($147 million) for 2009, down 50 percent on the previous year, in its first ever release of corporate results to IFRS the company said on Wednesday.

Russia's Freight One, a subsidiary of state monopoly Russian Railways, has posted a net profit of 4.4 billion rubles ($147 million) for 2009, down 50 percent on the previous year, in its first ever release of corporate results to IFRS  the company said on Wednesday.

Revenue rose 47% to 75.6 billion rubles, Freight One said.

MOSCOW, January 26 (RIA Novosti)

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