In the first quarter of 2017, Georgian Railway financial indicators worsened, as a result of 2% contraction in turnover. Total revenues of Georgian Railway declined by 3% (3 million GEL).
In the reporting period, cargo shipping revenues marked 68.18 million GEL, down 10.3% as compared to the same period of 2016.
Revenues from liquid cargo shipping rose by 3%, while solid cargo shipping revenues declined by 7%.
Georgian Railway earned 28.1 million GEL from oil products transportation, down 1 million GEL as compared to the same period of 2016. Oil products transportation volume made up 1.17 million tons, up 24% year on year.
Georgian Railway raised 3.7 million GEL from crude oil transportation, down 36% year on year. At the same time, crude oil transportation volume declined by 51%.
Revenues from transportation of ores declined by 4.5% to 6.3million GEL
Georgian Railway earned 2.2 million GEL from cereals transportation in the reporting period, down 18% year on year.
Ferrous Metals and Scrap Iron
Revenues from transportation of ferrous metals and scrap iron declined by 59% and constituted 2.7 million GEL.
Revenues from sugar transportation declined to 4.1 million GEL