Public joint-stock company Ukrzaliznytsia has published the revised draft consolidated financial plan for 2017, according to which net profit at the end of the year could be UAH 59.8 million, while earlier the figure was projected at UAH 1.2 billion, the company has said in a press release.

"In July 2017, the Infrastructure Ministry repeatedly returned the draft order on the indexation of the freight transportation tariffs, which Ukrzaliznytsia wanted to introduce in June 2017. The enterprise had to reduce revenues and expenses, as well as capital investment and net profit for the end of 2017," the company said.

The indexation of the tariffs by 22.5% is postponed for October 2017.

According to the draft presented on August 10, 2017 at the Economic Development and Trade Ministry, operations revenue are projected at UAH 80.6 billion, which is UAH 2.3 billion less compared with the previous draft plan.

Net revenue from transportation of freight, passengers and auxiliary production is announced at over UAH 76 billion (earlier UAH 82.9 billion was planned).

The tariffs for transportation of passengers will not be indexed in 2017.

Operational expenses are projected at UAH 80.5 billion and reduced by UAH 1.2 billion compared with the previous plan.

The company seeks to use UAH 16 billion of capital investment, and this is UAH 6.7 billion less than the previous figure.

In 2017, Ukrzaliznytsia would pay almost UAH 17 billion of taxes and duties to the national budget.

The adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) would be UAH 18.298 billion (UAH 23.4 billion earlier) and EBITDA margin – 24%.