Bloomberg News

Kazakhstan Railroad Monopoly Almost Doubled Profit Last Year

June 12, 2012

AO Kazakhstan Temir Zholy National Co., the country’s state-run railroad monopoly, said it had profit of 123.2 billion tenge ($828 million) last year, almost double earnings in 2010.

The rail operator boosted profit from 66.5 billion tenge the previous year, the Astana-based company said in a statement on its website. First-quarter profit fell to 27.7 billion tenge from 28.3 billion tenge in the fourth quarter of 2011.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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