In 9M2024, the revenue of the Georgian Railway increased by 2% to GEL 490 million, - according to the report published by the company. However, the document reads, that the company's net profit decreased by 26% to GEL 75.4 million.
As of the financial report, the decrease in the company's profit is mainly related to the loss of 17 million GEL due to the exchange rate difference.
According to the financial report, in 9M2024, Georgian Railways paid GEL 171.7 million for the salaries of 12,000 employees, the cost of depreciation and amortization made up GEL 48 million, the cost of electricity, fuel and other consumables stood at GEL 63 million, and other expenses were GEL 108 million.
According to the financial report, the assets of the Georgian Railways amount to GEL 2.6 billion, and the liabilities - GEL 1.64 billion.
