RZD posts RAS net profit of 19.7 bln rubles in Q1

Russian Railways (RZD) posted net  profit  under  Russian  accounting  standards  (RAS) of 19.7

billion  rubles  in  the  first  quarter of 2008, down slightly from the first three months of 2007, the company said in a statement according to Interfax.

The  reduction  in  net  profit can be attributed to an increase in spending, the company said. Sales revenue grew 14.9% to 269.682 billion rubles in the quarter.

Source: Portnews