For the second consecutive quarter, the national railway carrier reported an increase in its revenues. For the first 6 months of the year, the accounting profit of the entire BDZ Holding EAD group is BGN 13,256,000. The group, which includes " BDZ Passenger Services“ EOOD ", "BDZ Cargo” EOOD and "BDZ Holding" EAD, is making a profit for the first time in 10 years.
This also applies separately to "BDZ-Cargo" EOOD, which at the end of June realized an accounting profit of BGN 6,904,000 million. After taking into account the effect of the reduced infrastructure fees for the company, a positive financial result of BGN 2,201,000 is reported from its inherent activity. Calculations show that "BDZ Cargo" EOOD has been loss-making for the entire 10-year period from 2012 until now.
The higher revenues were due to more completed freight requests, as well as the company's new tariffs, which were updated to reflect market conditions at the beginning of the year. "BDZ Passenger Services" EOOD reports a 34% increase of the revenue from cards and tickets sold, compared to the same period of the last year. In parallel, since January, passenger and freight transport companies have taken cost optimization measures.
