15.05.2017 12:00:00 | LocoTech proceeds in 2016 increased by 10.5% to 95 billion rubles

Locomotive technology LLC (LocoTech Group) has summed up the results of the financial operations in accordance with Russian accounting standards (RAS) in 2016. Consolidated proceeds of LocoTech as per RAS in 2016 increased by 10.5% to 95 billion rubles compared to the same in 2015.

At the same time proceeds of JSC Zheldorremmash in 2016 amounted to 32.7 billion rubles, which is 7.35% higher than a year before. Proceeds of TMH-Service LLC reached 62.4 billion rubles, which is 7.14 percent higher than in 2015.

We’d like to remind that, based on the results of 2016, the Zheldorremmash factories and TMH-Service branches have performed the production programme. Thus, the factories have released 2451 series of locomotives after overhaul. By the diesel locomotive the service locomotive depots of TMH-Service have released 57,477 sections or 99.2% after repair, by electric locomotives - 52,619 sections or 101% of the programme. The line equipment repair programme of diesel locomotives was performed by 102% (41,832 sections) and locomotives - 101% respectively (31,654 sections).

Productivity of the Zheldorremmash factories grew by 2%, service locomotive depots of TMH-Service - by 3%.

The investment programme for Zheldorremmash factories with implementation period before 2019 is 1.374 billion rubles, investment programme of TMH-Service for 2017 is estimated at 256 million rubles. These funds will be used to upgrade the production facilities and infrastructure and to buy modern equipment.