PKP Cargo expects a 70% increased profit in 2018

Listed rail freight operator PKP Cargo expects to increase its stand-alone net profit by 71% compared to last year, to PLN 160.8 million (EUR 38.19 million) in 2018. The company counts on operating revenues rising by 8.9% to PLN 3.91 billion (EUR 928.5 million). EBITDA is expected to rise by 12.1% to PLN 663.6 million (EUR 157.5 million), while EBIT is slated to grow by almost 35% to PLN 204 million (EUR 48.4 million).
PKP Cargo plans to spend PLN 1.018 billion (EUR 241.7 million) on investments in 2018. The company will also publish guidance for the group after approving financial plans of subsidiaries, acting CEO Krzysztof Maminski said.

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