For the first half of the current year, the net profit for the LTG group reached 10.4 million euros. This figure represents a substantial decrease of 45.8% when compared to the corresponding period in the previous year, which reported 19.2 million euros. The company attributed the reduction in profit to several operational challenges.
Key factors included costs associated with two significant train accidents that occurred during the spring, alongside an escalation in the prices of energy resources. Specifically, the accidents that took place in Jiesia and Gudziunai in May resulted in additional expenditures totaling approximately 4.2 million euros. These costs covered necessary infrastructure restoration, repairs to rolling stock, and maintaining continuous passenger service.
Despite the headwinds affecting the first half, the group reported contrasting figures when reviewing the full-year performance. At a previous reporting juncture, the net income was noted at 261.2 million euros. This full-year figure demonstrated growth, having increased by 17.4 million euros, representing a 7.1% rise compared to the first half of the prior year.
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